Berry Global Group (BERY) Set to Announce Earnings on Wednesday

Berry Global Group (NYSE:BERY) will be announcing its earnings results before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of $2.25 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Berry Global Group Stock Up 0.4 %

Berry Global Group stock opened at $67.05 on Tuesday. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $71.63. The firm has a 50 day moving average price of $67.90 and a 200-day moving average price of $64.13. The company has a market capitalization of $7.68 billion, a P/E ratio of 14.33, a P/E/G ratio of 1.10 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.

Berry Global Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.31 per share. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Monday, December 2nd. Berry Global Group’s dividend payout ratio is currently 23.50%.

Insider Buying and Selling at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on BERY shares. StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley started coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price objective for the company. Finally, Truist Financial raised their price objective on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.22.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.