Berry Global Group (NYSE:BERY – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $1.92 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Berry Global Group (NYSE:BERY – Get Free Report) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts expect Berry Global Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Berry Global Group Stock Up 1.4 %
Shares of NYSE:BERY opened at $60.95 on Wednesday. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.80 and a beta of 1.24. The company has a 50 day moving average of $58.66 and a 200-day moving average of $61.55. Berry Global Group has a one year low of $53.92 and a one year high of $69.93.
Insider Activity
Wall Street Analyst Weigh In
Several analysts have commented on the stock. UBS Group upped their target price on shares of Berry Global Group from $76.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $62.00 target price (down previously from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. Robert W. Baird reaffirmed a “neutral” rating and issued a $65.00 price target (down from $68.00) on shares of Berry Global Group in a research note on Tuesday, April 16th. Mizuho cut their price target on shares of Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Finally, TheStreet cut shares of Berry Global Group from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.00.
About Berry Global Group
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.
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