Analysts Offer Predictions for Berry Global Group, Inc.’s FY2022 Earnings (NYSE:BERY)

Berry Global Group, Inc. (NYSE:BERYGet Rating) – KeyCorp boosted their FY2022 earnings per share estimates for Berry Global Group in a report issued on Wednesday, August 3rd. KeyCorp analyst A. Josephson now forecasts that the industrial products company will post earnings of $7.36 per share for the year, up from their prior forecast of $7.29. The consensus estimate for Berry Global Group’s current full-year earnings is $7.40 per share. KeyCorp also issued estimates for Berry Global Group’s Q4 2022 earnings at $2.15 EPS and FY2023 earnings at $7.75 EPS.

BERY has been the topic of a number of other reports. UBS Group decreased their target price on Berry Global Group from $78.00 to $73.00 in a research report on Wednesday, July 13th. Truist Financial decreased their target price on Berry Global Group from $77.00 to $70.00 in a research report on Thursday. StockNews.com upgraded Berry Global Group from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on Berry Global Group from $71.00 to $69.00 in a research report on Monday, May 9th. Finally, Credit Suisse Group upgraded Berry Global Group from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.22.

Berry Global Group Stock Down 0.9 %

Berry Global Group stock opened at $55.13 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.82 and a quick ratio of 1.10. Berry Global Group has a 1-year low of $50.10 and a 1-year high of $74.73. The company has a market cap of $7.46 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.19. The stock’s 50 day moving average price is $55.56 and its 200 day moving average price is $58.13.

Berry Global Group (NYSE:BERYGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The industrial products company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.09. Berry Global Group had a return on equity of 29.59% and a net margin of 5.16%. During the same period in the prior year, the firm earned $1.53 EPS.

Institutional Trading of Berry Global Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Community Capital Management LLC increased its stake in Berry Global Group by 30.2% in the second quarter. Community Capital Management LLC now owns 28,000 shares of the industrial products company’s stock valued at $1,530,000 after purchasing an additional 6,500 shares during the last quarter. Scotia Capital Inc. increased its stake in Berry Global Group by 2.8% in the second quarter. Scotia Capital Inc. now owns 258,640 shares of the industrial products company’s stock valued at $14,132,000 after purchasing an additional 7,105 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Berry Global Group by 59.1% in the second quarter. Illinois Municipal Retirement Fund now owns 29,277 shares of the industrial products company’s stock valued at $1,600,000 after purchasing an additional 10,873 shares during the last quarter. Wilen Investment Management CORP. increased its stake in Berry Global Group by 2.4% in the second quarter. Wilen Investment Management CORP. now owns 21,618 shares of the industrial products company’s stock valued at $1,167,000 after purchasing an additional 500 shares during the last quarter. Finally, Dakota Wealth Management increased its stake in Berry Global Group by 248.7% in the second quarter. Dakota Wealth Management now owns 14,399 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 10,270 shares during the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

About Berry Global Group

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Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components.

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

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