Ball (NYSE:BALL) Issues Earnings Results, Misses Estimates By $0.08 EPS

Ball (NYSE:BALLGet Rating) released its earnings results on Thursday. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08), reports. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $3.83 billion. Ball had a return on equity of 30.66% and a net margin of 4.96%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share.

Ball Stock Performance

BALL traded down $2.92 during trading on Friday, reaching $56.36. 9,027,991 shares of the company’s stock were exchanged, compared to its average volume of 2,084,720. The firm has a fifty day moving average of $69.27. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.00 and a quick ratio of 0.61. Ball has a fifty-two week low of $55.49 and a fifty-two week high of $98.09. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.11 and a beta of 0.56.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Wednesday, August 31st. Ball’s payout ratio is 35.40%.

Analyst Ratings Changes

A number of research firms have weighed in on BALL. Wells Fargo & Company downgraded Ball from an “equal weight” rating to an “underweight” rating and set a $65.00 target price for the company. in a research report on Thursday, June 9th. Jefferies Financial Group reiterated a “hold” rating and set a $87.00 price objective on shares of Ball in a research report on Monday, May 16th. Truist Financial downgraded Ball from a “buy” rating to a “hold” rating and increased their price objective for the company from $83.94 to $93.00 in a research report on Thursday. Credit Suisse Group cut their price objective on Ball to $91.00 in a research report on Friday, July 22nd. Finally, Royal Bank of Canada reduced their target price on Ball from $74.00 to $64.00 in a report on Friday. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.71.

About Ball

(Get Rating)

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace.

Read More

Earnings History for Ball (NYSE:BALL)

Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with's FREE daily email newsletter.