Ball (BALL) Scheduled to Post Earnings on Thursday

Ball (NYSE:BALL) will be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Ball to post earnings of $0.87 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ball (NYSE:BALL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a net margin of 32.79% and a return on equity of 19.45%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, analysts expect Ball to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ball Stock Up 0.9 %

BALL opened at $64.59 on Tuesday. Ball has a fifty-two week low of $46.95 and a fifty-two week high of $71.32. The firm has a market capitalization of $20.05 billion, a P/E ratio of 4.86, a PEG ratio of 1.63 and a beta of 0.88. The company’s 50-day moving average is $65.37 and its 200 day moving average is $65.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio is presently 6.02%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BALL. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. UBS Group raised their price objective on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Truist Financial restated a “buy” rating and set a $78.00 price target (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Finally, Citigroup upped their price objective on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.08.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.