Analysts expect Berry Global Group, Inc. (NYSE: BERY) to report earnings of $ 1.47 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts provided earnings estimates for Berry Global Group. The lowest EPS estimate is $ 1.21 and the highest is $ 1.59. Berry Global Group posted earnings of $ 1.12 per share in the same quarter of last year, which would suggest a positive year-over-year growth rate of 31.3%. The company is expected to release its next earnings report on Friday, February 4.
On average, analysts predict that Berry Global Group will report annual earnings of $ 7.41 per share for the current year, with EPS estimates ranging from $ 7.23 to $ 7.55. For the next fiscal year, analysts predict the company will post earnings of $ 7.89 per share, with EPS estimates ranging from $ 7.49 to $ 8.45. Zacks Investment Research’s EPS averages are an average based on a survey of seller-side research companies that cover Berry Global Group.
Berry Global Group (NYSE: BERY) last released its quarterly earnings data on Thursday, November 18. The industrials company reported EPS of $ 1.55 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.53 of $ 0.02. The company posted revenue of $ 3.67 billion in the quarter, compared to a consensus estimate of $ 3.46 billion. Berry Global Group had a net margin of 5.29% and a return on equity of 30.09%. The company’s revenues increased 22.0% from the same quarter last year. In the same quarter of the previous year, the company earned $ 1.59 per share.
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Several equity analysts have recently weighed on BERY shares. Truist Securities began hedging shares of Berry Global Group in a research note on Tuesday, September 14. They issued a “buy” note and a target price of $ 85 on the stock. Truist began covering shares of Berry Global Group in a research note on Monday, September 13. They issued a “positive” rating and a target price of $ 85.00 on the stock. Citigroup raised its target price on the Berry Global Group stock from $ 84.00 to $ 89.00 and gave the stock a “buy” rating in a research note on Monday, November 22. Mizuho began covering shares of Berry Global Group in a research note on Tuesday, October 12. They issued a “neutral” rating and a price target of $ 70.00 on the stock. Finally, Raymond James began covering shares of Berry Global Group in a research note on Wednesday, November 24. They issued a “market performance†rating on the stock. Three research analysts rated the stock with a conservation rating and nine gave the company’s stock a buy rating. Based on MarketBeat data, Berry Global Group currently has an average rating of “Buy†and a consensus price target of $ 79.00.
In other Berry Global Group news, Chairman Curt Begle sold 14,000 shares of Berry Global Group in a transaction dated Wednesday, December 29. The stock was sold for an average price of $ 73.99, for a total value of $ 1,035,860.00. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Insiders sold 42,000 shares of the company valued at $ 2,995,580 during the last quarter. 2.40% of the shares are held by insiders.
A number of large investors have recently changed their positions in the company. Atlantic Investment Management Inc. acquired a new position in shares of Berry Global Group during the second quarter valued at approximately $ 42,400,000. Monarch Alternative Capital LP acquired a new position in shares of Berry Global Group during the 2nd quarter valued at approximately $ 42,393,000. CI Investments Inc. increased its stake in Berry Global Group shares by 46.6% during the 3rd quarter. CI Investments Inc. now owns 1,848,640 shares of the industrial products company valued at $ 112,545,000 after purchasing an additional 587,715 shares during the period. NewEdge Wealth LLC increased its position in Berry Global Group shares by 148.4% during the third quarter. NewEdge Wealth LLC now owns 960,520 shares of the industrial products company valued at $ 58,476,000 after purchasing an additional 573,880 shares during the last quarter. Finally, FMR LLC increased its position in Berry Global Group shares by 25.1% during the second quarter. FMR LLC now owns 2,818,813 shares of the industrial products company valued at $ 183,843,000 after purchasing an additional 566,315 shares during the last quarter. 96.08% of the shares are held by institutional investors.
NYSE BERY traded up $ 0.44 on Friday, reaching $ 73.78. The company’s shares had a trading volume of 400,336 shares, compared to an average volume of 933,120. The company’s 50-day moving average is $ 69.01 and its 200-day moving average is 65.94 $. The company has a market cap of $ 10.00 billion, a PE ratio of 13.87, a PEG ratio of 0.95 and a beta of 1.31. The company has a quick ratio of 1.00, a current ratio of 1.60, and a debt ratio of 2.97. Berry Global Group has a one-year low at $ 48.65 and a one-year high at $ 74.54.
About Berry Global Group
Berry Global Group, Inc is committed to providing value-added technical materials, specialty non-woven materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials and Health, Hygiene & Specialties.
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