Zacks Research Has Bullish Estimate for Ball FY2024 Earnings

Ball Co. (NYSE:BALL) – Research analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Ball in a note issued to investors on Wednesday, December 11th. Zacks Research analyst M. Das now anticipates that the company will post earnings of $3.15 per share for the year, up from their previous estimate of $3.14. The consensus estimate for Ball’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Ball’s Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.53 EPS, Q2 2026 earnings at $0.97 EPS and FY2026 earnings at $3.94 EPS.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS.

BALL has been the topic of several other reports. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Wells Fargo & Company dropped their price objective on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Ball in a research note on Monday, November 4th. Finally, Citigroup upped their price objective on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and a consensus target price of $70.75.

Ball Trading Up 0.4 %

NYSE BALL opened at $58.24 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $62.05 and a 200 day moving average price of $63.35. The stock has a market capitalization of $17.38 billion, a P/E ratio of 4.39, a P/E/G ratio of 1.44 and a beta of 0.91. Ball has a 52-week low of $54.06 and a 52-week high of $71.32.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.37%. Ball’s dividend payout ratio is currently 6.03%.

Institutional Investors Weigh In On Ball

Large investors have recently modified their holdings of the stock. Swedbank AB grew its holdings in shares of Ball by 7.0% during the second quarter. Swedbank AB now owns 195,281 shares of the company’s stock valued at $11,721,000 after buying an additional 12,795 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Ball by 317.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 201,117 shares of the company’s stock valued at $12,071,000 after buying an additional 152,950 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Ball by 58.6% in the 2nd quarter. Blue Trust Inc. now owns 1,521 shares of the company’s stock valued at $91,000 after buying an additional 562 shares in the last quarter. Raymond James & Associates raised its position in Ball by 17.5% during the second quarter. Raymond James & Associates now owns 1,621,553 shares of the company’s stock valued at $97,326,000 after acquiring an additional 241,502 shares in the last quarter. Finally, Western Wealth Management LLC lifted its stake in Ball by 4.9% in the second quarter. Western Wealth Management LLC now owns 5,351 shares of the company’s stock valued at $321,000 after acquiring an additional 251 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

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.