KeyCorp Weighs in on Berry Global Group Inc’s Q2 2018 Earnings (BERY)
Berry Global Group Inc (NYSE:BERY) – Equities researchers at KeyCorp boosted their Q2 2018 earnings estimates for shares of Berry Global Group in a note issued to investors on Wednesday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings per share of $0.93 for the quarter, up from their previous estimate of $0.90. KeyCorp also issued estimates for Berry Global Group’s Q3 2018 earnings at $1.17 EPS, Q4 2018 earnings at $1.09 EPS and FY2018 earnings at $3.86 EPS.
Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the company earned $0.50 EPS. Berry Global Group’s revenue for the quarter was up 18.2% on a year-over-year basis.
Shares of Berry Global Group (NYSE:BERY) opened at $54.33 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.10 and a debt-to-equity ratio of 4.69. Berry Global Group has a 1 year low of $47.19 and a 1 year high of $61.71. The firm has a market capitalization of $7,230.00, a price-to-earnings ratio of 16.27, a P/E/G ratio of 0.75 and a beta of 0.99.
In other Berry Global Group news, CFO Mark W. Miles sold 10,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $58.54, for a total value of $585,400.00. Following the completion of the transaction, the chief financial officer now directly owns 52,916 shares in the company, valued at $3,097,702.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in Berry Global Group in the fourth quarter valued at about $111,000. Cerebellum GP LLC bought a new position in Berry Global Group in the fourth quarter valued at about $123,000. American International Group Inc. bought a new position in Berry Global Group in the fourth quarter valued at about $180,000. Crossmark Global Holdings Inc. bought a new position in Berry Global Group in the fourth quarter valued at about $207,000. Finally, MAI Capital Management bought a new position in Berry Global Group in the fourth quarter valued at about $218,000. Hedge funds and other institutional investors own 94.70% of the company’s stock.
About Berry Global Group
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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