Ball (BLL) Releases Earnings Results, Beats Expectations By $0.08 EPS

Ball (NYSE:BLL) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08, Morningstar.com reports. Ball had a return on equity of 18.31% and a net margin of 2.13%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year.

Shares of Ball (BLL) opened at $39.33 on Thursday. The stock has a market capitalization of $12,927.55, a price-to-earnings ratio of 61.45, a PEG ratio of 3.01 and a beta of 0.97. Ball has a 1-year low of $35.60 and a 1-year high of $43.24. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.02%. Ball’s payout ratio is currently 62.50%.

A number of equities research analysts have recently commented on BLL shares. Robert W. Baird reiterated a “buy” rating and set a $45.00 price objective on shares of Ball in a research report on Thursday, October 12th. Zacks Investment Research downgraded Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. UBS Group started coverage on Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of Ball in a research report on Thursday, November 2nd. Finally, BMO Capital Markets upgraded Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Monday, December 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Ball presently has an average rating of “Hold” and an average price target of $45.00.

In other news, Chairman John A. Hayes sold 5,519 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $40.74, for a total value of $224,844.06. Following the transaction, the chairman now directly owns 408,451 shares of the company’s stock, valued at $16,640,293.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott C. Morrison sold 2,591 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $38.62, for a total transaction of $100,064.42. Following the completion of the transaction, the vice president now directly owns 390,052 shares in the company, valued at $15,063,808.24. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock valued at $638,091 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BLL. Tower Research Capital LLC TRC increased its stake in shares of Ball by 5,297.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 2,437 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of Ball in the fourth quarter worth $125,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Ball by 63.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 1,500 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Ball in the fourth quarter worth $164,000. Finally, Howe & Rusling Inc. acquired a new position in shares of Ball in the third quarter worth $182,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

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Ball Company Profile

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Earnings History for Ball (NYSE:BLL)

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