BPC Acquisition Corp (BERY) to Post Q2 2018 Earnings of $0.94 Per Share, SunTrust Banks Forecasts
BPC Acquisition Corp (NYSE:BERY) – Equities researchers at SunTrust Banks upped their Q2 2018 EPS estimates for shares of BPC Acquisition Corp in a research note issued on Monday. SunTrust Banks analyst J. Freuchtel now forecasts that the industrial products company will post earnings of $0.94 per share for the quarter, up from their previous forecast of $0.93. SunTrust Banks has a “Buy” rating and a $69.00 price objective on the stock. SunTrust Banks also issued estimates for BPC Acquisition Corp’s Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.06 EPS and FY2019 earnings at $4.02 EPS.
BPC Acquisition Corp (NYSE:BERY) last released its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. BPC Acquisition Corp had a net margin of 4.79% and a return on equity of 58.69%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “BPC Acquisition Corp (BERY) to Post Q2 2018 Earnings of $0.94 Per Share, SunTrust Banks Forecasts” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/bpc-acquisition-corp-bery-to-post-q2-2018-earnings-of-0-94-per-share-suntrust-banks-forecasts/1724205.html.
Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of BPC Acquisition Corp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. Citigroup Inc. restated a “buy” rating and set a $68.00 price target (down from $69.00) on shares of BPC Acquisition Corp in a research report on Thursday, September 7th. Barclays PLC boosted their price target on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and set a $67.00 price target on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. Finally, BMO Capital Markets boosted their price target on shares of BPC Acquisition Corp from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $67.00.
Shares of BPC Acquisition Corp (NYSE:BERY) traded up $0.09 during midday trading on Wednesday, hitting $59.57. 172,935 shares of the stock traded hands, compared to its average volume of 1,025,558. BPC Acquisition Corp has a 1-year low of $45.86 and a 1-year high of $61.19. The firm has a market capitalization of $7,791.88, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.08. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 5.53.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in BPC Acquisition Corp by 16.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 689,266 shares of the industrial products company’s stock worth $33,476,000 after buying an additional 96,234 shares during the period. Origin Asset Management LLP grew its holdings in BPC Acquisition Corp by 25.0% during the 2nd quarter. Origin Asset Management LLP now owns 399,688 shares of the industrial products company’s stock worth $22,786,000 after acquiring an additional 80,000 shares in the last quarter. State of Tennessee Treasury Department acquired a new position in BPC Acquisition Corp during the 2nd quarter worth approximately $20,070,000. Victory Capital Management Inc. grew its holdings in BPC Acquisition Corp by 119.5% during the 3rd quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company’s stock worth $18,261,000 after acquiring an additional 175,522 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in BPC Acquisition Corp by 4.8% during the 3rd quarter. California Public Employees Retirement System now owns 296,410 shares of the industrial products company’s stock worth $16,792,000 after acquiring an additional 13,520 shares in the last quarter. 94.36% of the stock is currently owned by hedge funds and other institutional investors.
In other news, President Curt Begle sold 6,397 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $60.04, for a total value of $384,075.88. Following the sale, the president now directly owns 6,397 shares of the company’s stock, valued at approximately $384,075.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 34,378 shares of company stock worth $2,063,324 over the last quarter. 3.11% of the stock is currently owned by company insiders.
BPC Acquisition Corp Company Profile
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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