Wall Street brokerages forecast that Ball Co. (NYSE:BLL) will post $0.60 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Ball’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.58. Ball reported earnings per share of $0.52 during the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The company is scheduled to issue its next earnings report before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that Ball will report full-year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.28. For the next financial year, analysts forecast that the company will report earnings of $2.70 per share, with EPS estimates ranging from $2.42 to $2.83. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Ball.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.01 billion. Ball had a return on equity of 19.93% and a net margin of 4.12%. Ball’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS.

Several equities analysts have recently issued reports on BLL shares. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Citigroup lowered their price target on Ball from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, July 10th. TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a research report on Wednesday, August 1st. ValuEngine upgraded Ball from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $47.00 price target on shares of Ball in a research report on Monday, August 6th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Ball presently has a consensus rating of “Buy” and a consensus target price of $47.23.

Shares of BLL stock traded up $0.07 during mid-day trading on Friday, hitting $43.39. 3,501,980 shares of the stock traded hands, compared to its average volume of 3,548,362. Ball has a twelve month low of $34.71 and a twelve month high of $46.89. The stock has a market cap of $14.92 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 3.49 and a beta of 0.89. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.92 and a current ratio of 1.23.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, November 30th. Ball’s payout ratio is 19.61%.

In related news, Chairman John A. Hayes sold 96,667 shares of Ball stock in a transaction on Monday, September 10th. The stock was sold at an average price of $43.00, for a total value of $4,156,681.00. Following the transaction, the chairman now directly owns 471,228 shares in the company, valued at approximately $20,262,804. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott C. Morrison sold 25,000 shares of Ball stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $44.40, for a total value of $1,110,000.00. Following the completion of the transaction, the vice president now owns 30,392 shares in the company, valued at $1,349,404.80. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BLL. Adviser Investments LLC purchased a new position in shares of Ball during the second quarter valued at $106,000. Piedmont Investment Advisors LLC acquired a new stake in Ball during the second quarter worth approximately $145,000. Visionary Asset Management Inc. acquired a new stake in Ball during the third quarter worth approximately $220,000. Creative Planning acquired a new stake in Ball during the second quarter worth approximately $215,000. Finally, UMB Bank N A MO acquired a new stake in Ball during the third quarter worth approximately $293,000. Institutional investors and hedge funds own 85.70% of the company’s stock.

Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Earnings History and Estimates for Ball (NYSE:BLL)

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