Brokerages expect Ball Co. (NYSE:BLL) to post earnings per share of $0.60 for the current quarter, according to Zacks. Five analysts have provided estimates for Ball’s earnings. The highest EPS estimate is $0.61 and the lowest is $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 firm is expected to announce its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from $2.25 to $2.28. For the next year, analysts expect that the firm will report earnings of $2.70 per share, with EPS estimates ranging from $2.42 to $2.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Ball.

Ball (NYSE:BLL) last released its earnings results on Thursday, August 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Ball had a net margin of 4.12% and a return on equity of 19.93%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS.

Several research analysts have weighed in on BLL shares. Zacks Investment Research upgraded Ball from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Citigroup cut their target price on Ball from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, July 10th. ValuEngine upgraded Ball from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Co raised their target price on Ball from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, October 3rd. Finally, TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a report on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.23.

Shares of NYSE BLL traded down $0.27 during mid-day trading on Friday, reaching $45.93. 3,209,117 shares of the company’s stock were exchanged, compared to its average volume of 3,410,256. The stock has a market cap of $15.80 billion, a PE ratio of 22.51, a P/E/G ratio of 3.70 and a beta of 0.89. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 1.79. Ball has a 52-week low of $34.71 and a 52-week high of $46.89.

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

Several hedge funds and other institutional investors have recently modified their holdings of BLL. Palisade Asset Management LLC raised its holdings in shares of Ball by 1.0% in the third quarter. Palisade Asset Management LLC now owns 276,475 shares of the industrial products company’s stock worth $12,162,000 after acquiring an additional 2,622 shares during the last quarter. Aperio Group LLC grew its position in shares of Ball by 5.8% during the 3rd quarter. Aperio Group LLC now owns 157,044 shares of the industrial products company’s stock worth $6,908,000 after purchasing an additional 8,612 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Ball by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 125,026 shares of the industrial products company’s stock worth $5,500,000 after buying an additional 5,100 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of Ball in the third quarter worth approximately $703,000. Finally, Bank of Montreal Can boosted its holdings in shares of Ball by 43.3% in the third quarter. Bank of Montreal Can now owns 725,025 shares of the industrial products company’s stock worth $31,892,000 after buying an additional 219,129 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors and hedge funds.

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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