Ball Corporation (NYSE:BLL) – Equities research analysts at KeyCorp dropped their Q3 2017 earnings estimates for shares of Ball Corporation in a report issued on Thursday. KeyCorp analyst A. Josephson now expects that the industrial products company will post earnings per share of $0.57 for the quarter, down from their prior estimate of $0.60. KeyCorp also issued estimates for Ball Corporation’s Q4 2017 earnings at $0.50 EPS.

Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by $0.02. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a return on equity of 17.54% and a net margin of 1.70%. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. ILLEGAL ACTIVITY WARNING: “Research Analysts Issue Forecasts for Ball Corporation’s Q3 2017 Earnings (BLL)” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/07/research-analysts-issue-forecasts-for-ball-corporations-q3-2017-earnings-bll.html.

Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Ball Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $47.00 price objective on shares of Ball Corporation in a research report on Sunday, June 25th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $44.33.

Ball Corporation (NYSE BLL) opened at 40.56 on Monday. The stock has a 50 day moving average of $42.07 and a 200 day moving average of $39.02. Ball Corporation has a 12-month low of $34.88 and a 12-month high of $43.06. The company has a market capitalization of $14.24 billion, a PE ratio of 30.18 and a beta of 0.95.

Several large investors have recently modified their holdings of BLL. Pinnacle Bank acquired a new stake in shares of Ball Corporation during the first quarter valued at approximately $126,000. First Personal Financial Services boosted its stake in shares of Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock valued at $133,000 after buying an additional 262 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Ball Corporation during the first quarter valued at approximately $201,000. Advisor Partners LLC acquired a new stake in shares of Ball Corporation during the first quarter valued at approximately $201,000. Finally, Creative Planning boosted its stake in shares of Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock valued at $202,000 after buying an additional 86 shares in the last quarter. Institutional investors own 46.59% of the company’s stock.

In other news, Director R David Hoover sold 22,000 shares of Ball Corporation stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $39.75, for a total transaction of $874,500.00. Following the completion of the sale, the director now owns 205,260 shares in the company, valued at approximately $8,159,085. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Daniel William Fisher sold 1,750 shares of Ball Corporation stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total transaction of $73,097.50. Following the sale, the chief operating officer now owns 11,594 shares of the company’s stock, valued at approximately $484,281.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,999 shares of company stock valued at $4,606,903. 2.70% of the stock is owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s dividend payout ratio is 78.43%.

Ball Corporation Company Profile

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Earnings History and Estimates for Ball Corporation (NYSE:BLL)

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