Berry Global Group (BERY) to Release Quarterly Earnings on Thursday

Berry Global Group (NYSE:BERY) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $1.92 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Berry Global Group (NYSE:BERY) last announced its quarterly 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 company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. 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 BERY stock opened at $60.95 on Wednesday. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. Berry Global Group has a 1-year low of $53.92 and a 1-year high of $69.93. 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’s fifty day moving average price is $58.66 and its 200 day moving average price is $61.55.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BERY shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $62.00 price target (down previously from $72.00) on shares of Berry Global Group in a research note on Friday, March 15th. Mizuho dropped their price objective 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. Wolfe Research initiated coverage on Berry Global Group in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Robert W. Baird reiterated a “neutral” rating and set a $65.00 target price (down previously from $68.00) on shares of Berry Global Group in a research report on Tuesday, April 16th. Finally, StockNews.com lowered shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and a consensus price target of $72.00.

Insider Buying and Selling at Berry Global Group

In related news, Director Peter T. Thomas purchased 2,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $56.00 per share, for a total transaction of $112,000.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $112,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Jonathan F. Foster purchased 1,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $58.49 per share, with a total value of $58,490.00. Following the completion of the purchase, the director now directly owns 5,728 shares of the company’s stock, valued at $335,030.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter T. Thomas bought 2,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $112,000. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

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.