Wall Street brokerages expect Berry Global Group Inc (NYSE:BERY) to post earnings per share of $0.65 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Berry Global Group’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.67. Berry Global Group posted earnings per share of $0.50 in the same quarter last year, which would suggest a positive year over year growth rate of 30%. The company is scheduled to report its next quarterly earnings report on Friday, February 2nd.

According to Zacks, analysts expect that Berry Global Group will report full year earnings of $3.45 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.62. For the next year, analysts anticipate that the firm will report earnings of $3.71 per share, with EPS estimates ranging from $3.49 to $4.02. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Berry Global Group.

Berry Global Group (NYSE:BERY) last announced its earnings results on Thursday, November 16th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Berry Global Group had a return on equity of 58.69% and a net margin of 4.79%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue was up 16.3% on a year-over-year basis.

Several research analysts recently commented on the company. Deutsche Bank increased their price objective on Berry Global Group from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Robert W. Baird increased their price objective on Berry Global Group from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. BidaskClub raised Berry Global Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Royal Bank of Canada increased their price objective on Berry Global Group from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, November 20th. Finally, BMO Capital Markets increased their price objective on Berry Global Group from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Berry Global Group has an average rating of “Buy” and a consensus target price of $67.82.

Berry Global Group (NYSE:BERY) opened at $58.41 on Friday. Berry Global Group has a 52 week low of $47.19 and a 52 week high of $61.36. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 5.53. The company has a market capitalization of $7,780.00, a price-to-earnings ratio of 19.35, a P/E/G ratio of 0.87 and a beta of 1.07.

In other Berry Global Group news, President Curt Begle sold 22,541 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $60.01, for a total value of $1,352,685.41. Following the completion of the sale, the president now directly owns 17,189 shares of the company’s stock, valued at approximately $1,031,511.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark W. Miles sold 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $58.54, for a total value of $585,400.00. Following the completion of the sale, the chief financial officer now directly owns 52,916 shares of the company’s stock, valued at $3,097,702.64. The disclosure for this sale can be found here. Insiders sold a total of 44,378 shares of company stock valued at $2,648,724 over the last ninety days. Corporate insiders own 3.11% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its holdings in shares of Berry Global Group by 315.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 1,600 shares during the period. Tocqueville Asset Management L.P. purchased a new position in shares of Berry Global Group during the 2nd quarter worth $228,000. Oakbrook Investments LLC purchased a new position in shares of Berry Global Group during the 3rd quarter worth $246,000. Symphony Asset Management LLC grew its holdings in shares of Berry Global Group by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 7,671 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 295 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its holdings in shares of Berry Global Group by 6.5% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 9,346 shares of the industrial products company’s stock worth $533,000 after purchasing an additional 572 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.

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About Berry Global Group

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

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

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