Berry (BRY) to Release Earnings on Wednesday

Berry (NASDAQ:BRY) will release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Berry to post earnings of $0.16 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Berry (NASDAQ:BRY) last released its quarterly earnings results on Wednesday, March 6th. The energy company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). The company had revenue of $216.40 million during the quarter, compared to analyst estimates of $190.28 million. Berry had a net margin of 4.14% and a return on equity of 5.27%. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. On average, analysts expect Berry to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Berry Stock Performance

Shares of BRY stock opened at $8.74 on Monday. The company’s fifty day simple moving average is $7.81 and its 200-day simple moving average is $7.38. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.56. The firm has a market cap of $672.45 million, a PE ratio of 19.00 and a beta of 1.80. Berry has a 12 month low of $6.22 and a 12 month high of $8.94.

Berry Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 15th were given a $0.26 dividend. This represents a dividend yield of 6.7%. The ex-dividend date was Thursday, March 14th. This is a positive change from Berry’s previous None dividend of $0.21. Berry’s payout ratio is currently 104.35%.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Berry from a “c” rating to a “b-” rating in a research report on Friday, March 8th.

Berry Company Profile

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.