BPC Acquisition Corp (NYSE:BERY) released its earnings results on Thursday. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.10, Briefing.com reports. BPC Acquisition Corp had a net margin of 4.50% and a return on equity of 110.06%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year.

Shares of BPC Acquisition Corp (NYSE BERY) traded down 0.40% during midday trading on Friday, hitting $57.42. 1,078,897 shares of the company were exchanged. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.91 and a beta of 1.08. BPC Acquisition Corp has a 52-week low of $39.45 and a 52-week high of $58.95. The company has a 50-day moving average price of $57.39 and a 200-day moving average price of $53.19.

A number of equities research analysts have recently issued reports on BERY shares. Zacks Investment Research lowered shares of BPC Acquisition Corp from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Deutsche Bank AG upped their target price on shares of BPC Acquisition Corp from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Jefferies Group LLC upped their target price on shares of BPC Acquisition Corp from $59.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Credit Suisse Group upped their target price on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, SunTrust Banks, Inc. raised shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and upped their target price for the stock from $51.00 to $65.00 in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $62.10.

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In other BPC Acquisition Corp news, Director Carl J. Rickertsen sold 29,500 shares of BPC Acquisition Corp stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $56.35, for a total value of $1,662,325.00. Following the completion of the sale, the director now owns 15,119 shares in the company, valued at approximately $851,955.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Evan Bayh sold 15,500 shares of BPC Acquisition Corp stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $57.98, for a total value of $898,690.00. Following the completion of the sale, the director now owns 40,000 shares of the company’s stock, valued at approximately $2,319,200. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,000 shares of company stock valued at $3,587,375. 3.11% of the stock is currently owned by company insiders.

About BPC Acquisition Corp

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

Earnings History for BPC Acquisition Corp (NYSE:BERY)

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