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.

Several other brokerages also recently weighed in on BERY. Robert W. Baird upped their price objective on Berry Global Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Deutsche Bank upped their price objective on Berry Global Group from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. BidaskClub upgraded Berry Global Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Citigroup upped their price objective on Berry Global Group from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets upped their price objective on Berry Global Group from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Berry Global Group presently has an average rating of “Buy” and an average target price of $68.25.

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.

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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.

Earnings History and Estimates for Berry Global Group (NYSE:BERY)

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