BPC Acquisition Corp (BERY) Issues Earnings Results
BPC Acquisition Corp (NYSE:BERY) released its quarterly earnings data on Thursday. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08, Briefing.com reports. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share.
Shares of BPC Acquisition Corp (NYSE:BERY) opened at $59.61 on Friday. BPC Acquisition Corp has a one year low of $45.47 and a one year high of $61.19. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 6.91. The firm has a market cap of $7,810.00, a PE ratio of 19.85, a P/E/G ratio of 0.86 and a beta of 1.08.
In related news, President Curt Begle sold 5,440 shares of BPC Acquisition Corp stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $60.03, for a total transaction of $326,563.20. Following the sale, the president now directly owns 5,440 shares in the company, valued at $326,563.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 34,378 shares of company stock worth $2,063,324. Company insiders own 3.11% of the company’s stock.
BERY has been the subject of a number of research reports. SunTrust Banks, Inc. reissued a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a report on Monday, October 2nd. Robert W. Baird reissued a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a report on Friday, September 1st. Citigroup Inc. reissued a “buy” rating on shares of BPC Acquisition Corp in a report on Thursday, August 31st. Jefferies Group LLC reissued a “buy” rating and set a $67.00 price target on shares of BPC Acquisition Corp in a report on Thursday, August 31st. Finally, UBS AG started coverage on shares of BPC Acquisition Corp in a report on Tuesday, July 25th. They set a “buy” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $65.00.
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BPC Acquisition Corp Company Profile
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.
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