Ball Co. (BLL) Expected to Post Earnings of $0.56 Per Share

Equities analysts expect that Ball Co. (NYSE:BLL) will post earnings of $0.56 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Ball’s earnings, with estimates ranging from $0.54 to $0.60. Ball reported earnings of $0.60 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Ball will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.19 to $2.25. For the next fiscal year, analysts forecast that the company will report earnings of $2.61 per share, with EPS estimates ranging from $2.30 to $2.83. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Ball.

Ball (NYSE:BLL) last posted its earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Ball had a net margin of 4.21% and a return on equity of 20.02%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share.

BLL has been the subject of several recent analyst reports. Deutsche Bank set a $51.00 price objective on shares of Ball and gave the stock a “buy” rating in a research note on Thursday, October 4th. Bank of America lifted their price objective on shares of Ball from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. Citigroup lifted their price objective on shares of Ball from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 2nd. UBS Group set a $52.00 price objective on shares of Ball and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, Vertical Group lowered shares of Ball from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Ball has an average rating of “Buy” and an average target price of $50.00.

NYSE BLL traded down $0.33 on Friday, hitting $48.39. 4,138,474 shares of the stock were exchanged, compared to its average volume of 3,297,334. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 4.01 and a beta of 0.75. Ball has a 52-week low of $34.71 and a 52-week high of $50.98.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, November 30th. Ball’s dividend payout ratio is currently 19.61%.

In other news, Chairman John A. Hayes sold 96,667 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the completion of the sale, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott C. Morrison sold 25,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the sale, the vice president now directly owns 30,392 shares of the company’s stock, valued at $1,349,404.80. The disclosure for this sale can be found here. Insiders have sold 145,213 shares of company stock valued at $6,434,505 over the last three months. Insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Portland Hill Asset Management Ltd raised its holdings in shares of Ball by 0.3% in the third quarter. Portland Hill Asset Management Ltd now owns 338,619 shares of the industrial products company’s stock valued at $14,947,000 after acquiring an additional 1,126 shares in the last quarter. BB&T Securities LLC raised its holdings in shares of Ball by 4.8% in the second quarter. BB&T Securities LLC now owns 28,879 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 1,313 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Ball by 1.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 137,136 shares of the industrial products company’s stock valued at $6,032,000 after acquiring an additional 1,360 shares in the last quarter. Parkwood LLC raised its holdings in shares of Ball by 13.9% in the second quarter. Parkwood LLC now owns 11,538 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 1,410 shares in the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of Ball by 5.7% in the second quarter. Nomura Holdings Inc. now owns 29,065 shares of the industrial products company’s stock valued at $1,034,000 after acquiring an additional 1,558 shares in the last quarter. 88.48% of the stock is owned by hedge funds and other institutional investors.

Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Earnings History and Estimates for Ball (NYSE:BLL)

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