Wall Street brokerages expect that Berry Global Group Inc (NYSE:BERY) will post earnings per share (EPS) of $1.03 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Berry Global Group’s earnings. The lowest EPS estimate is $0.99 and the highest is $1.08. Berry Global Group reported earnings per share of $0.96 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is expected to report its next quarterly earnings report on Friday, August 2nd.

On average, analysts expect that Berry Global Group will report full-year earnings of $3.54 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.59. For the next year, analysts expect that the firm will post earnings of $3.82 per share, with EPS estimates ranging from $3.41 to $4.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Berry Global Group.

Berry Global Group (NYSE:BERY) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.14). Berry Global Group had a net margin of 5.03% and a return on equity of 32.42%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis.

A number of analysts recently commented on the company. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the company a “hold” rating in a research report on Wednesday, April 17th. BMO Capital Markets boosted their target price on Berry Global Group from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, March 11th. Zacks Investment Research lowered Berry Global Group from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Finally, Bank of America assumed coverage on Berry Global Group in a research report on Thursday, May 23rd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Berry Global Group currently has an average rating of “Hold” and an average price target of $60.40.

In other Berry Global Group news, EVP Jason K. Greene sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $57.50, for a total transaction of $575,000.00. Following the completion of the sale, the executive vice president now directly owns 10,250 shares of the company’s stock, valued at approximately $589,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc lifted its position in shares of Berry Global Group by 1.4% in the third quarter. Vanguard Group Inc now owns 11,429,603 shares of the industrial products company’s stock valued at $553,077,000 after buying an additional 158,823 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Berry Global Group by 9.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,996 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 744 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Berry Global Group by 42.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 26,260 shares of the industrial products company’s stock valued at $1,248,000 after purchasing an additional 7,800 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Berry Global Group by 0.6% in the 4th quarter. TD Asset Management Inc. now owns 615,528 shares of the industrial products company’s stock valued at $29,256,000 after purchasing an additional 3,680 shares during the last quarter. Finally, Stevens Capital Management LP increased its stake in shares of Berry Global Group by 246.2% in the 4th quarter. Stevens Capital Management LP now owns 87,080 shares of the industrial products company’s stock valued at $4,139,000 after purchasing an additional 61,929 shares during the last quarter. 95.64% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group stock traded down $0.30 during midday trading on Friday, reaching $49.86. The stock had a trading volume of 10,969 shares, compared to its average volume of 1,555,954. Berry Global Group has a 12 month low of $40.50 and a 12 month high of $59.16. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.39 and a beta of 1.18. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.01 and a quick ratio of 1.19.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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

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