Ball Corporation (NYSE:BLL) Earns News Impact Score of 0.20
Headlines about Ball Corporation (NYSE:BLL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ball Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.4531007422914 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Ball Corporation (NYSE:BLL) Expected to Post Quarterly Sales of $2.92 Billion (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Ball Corp. (finance.yahoo.com)
- Ball Corporation (BLL) Earns “Hold” Rating from Vertical Group (americanbankingnews.com)
- Contrasting Ball Corporation (NYSE:BLL) and Crown Holdings (CCK) (americanbankingnews.com)
- Ball Corporation (NYSE:BLL) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
Ball Corporation (NYSE BLL) traded down 0.57% during trading on Thursday, hitting $40.05. The company had a trading volume of 2,081,476 shares. The stock has a 50-day moving average of $41.94 and a 200-day moving average of $39.14. The stock has a market capitalization of $14.06 billion, a PE ratio of 56.81 and a beta of 0.95. Ball Corporation has a one year low of $35.65 and a one year high of $43.06.
Ball Corporation (NYSE:BLL) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the business earned $1.05 EPS. Ball Corporation’s revenue was up 40.6% on a year-over-year basis. On average, equities analysts anticipate that Ball Corporation will post $2.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, August 30th. Ball Corporation’s payout ratio is currently 78.43%.
A number of brokerages have recently weighed in on BLL. Vertical Group reiterated a “hold” rating and set a $43.00 price target (up previously from $41.50) on shares of Ball Corporation in a report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a $49.00 price target (down previously from $50.00) on shares of Ball Corporation in a report on Wednesday. Barclays PLC lifted their price target on Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. BidaskClub downgraded Ball Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Ball Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $44.05.
In other Ball Corporation news, Chairman John A. Hayes sold 5,655 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $41.19, for a total transaction of $232,929.45. Following the completion of the sale, the chairman now directly owns 407,575 shares in the company, valued at $16,788,014.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John A. Hayes sold 5,683 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $42.23, for a total transaction of $239,993.09. Following the sale, the chairman now owns 407,562 shares of the company’s stock, valued at $17,211,343.26. The disclosure for this sale can be found here. Insiders have sold 117,654 shares of company stock valued at $4,839,833 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.
About Ball Corporation
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.
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