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

Berry Global Group, Inc. (NYSE:BERY – Get Rating) – Equities research analysts at KeyCorp upped their FY2022 EPS estimates for shares of Berry Global Group in a note issued to investors on Wednesday, August 3rd. KeyCorp analyst A. Josephson now forecasts that the industrial products company will earn $7.36 per share for the year, up from their previous estimate 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.

Other analysts also recently issued research reports about the stock. Citigroup dropped their price target on shares of Berry Global Group from $90.00 to $87.00 in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Berry Global Group from $71.00 to $69.00 in a report on Monday, May 9th. Robert W. Baird lowered their price target on shares of Berry Global Group from $83.00 to $73.00 in a report on Friday, May 6th. Truist Financial lowered their price target on shares of Berry Global Group from $77.00 to $70.00 in a report on Thursday. Finally, Mizuho lowered their price target on shares of Berry Global Group from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.22.

Berry Global Group Stock Down 0.9 %

Shares of 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. The company has a 50-day moving average of $55.56 and a 200 day moving average of $58.13. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.73 and a beta of 1.19. Berry Global Group has a 1 year low of $50.10 and a 1 year high of $74.73.

Berry Global Group (NYSE:BERY – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.09. Berry Global Group had a net margin of 5.16% and a return on equity of 29.59%. During the same period last year, the business posted $1.53 earnings per share.

Institutional Investors Weigh In On Berry Global Group

Large investors have recently bought and sold shares of the business. Gotham Asset Management LLC increased its position in Berry Global Group by 117.0% in the fourth quarter. Gotham Asset Management LLC now owns 18,282 shares of the industrial products company’s stock worth $1,349,000 after purchasing an additional 9,859 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Berry Global Group in the fourth quarter worth $216,000. Dupont Capital Management Corp bought a new stake in Berry Global Group in the first quarter worth $569,000. Teacher Retirement System of Texas increased its position in Berry Global Group by 23.5% in the fourth quarter. Teacher Retirement System of Texas now owns 26,663 shares of the industrial products company’s stock worth $1,967,000 after purchasing an additional 5,069 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Berry Global Group by 2,820.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 51,285 shares of the industrial products company’s stock worth $3,761,000 after buying an additional 49,529 shares during the period. Institutional investors own 95.74% of the company’s stock.

Berry Global Group Company Profile

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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.