Ball (NYSE:BLL) issued its quarterly earnings data on Thursday. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04), MarketWatch Earnings reports. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.80 billion. Ball had a return on equity of 19.93% and a net margin of 4.12%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share.
Shares of Ball stock opened at $47.62 on Friday. Ball has a one year low of $34.71 and a one year high of $48.00. The stock has a market cap of $15.47 billion, a PE ratio of 23.34, a P/E/G ratio of 3.62 and a beta of 0.89. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 0.92.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, November 30th. Ball’s dividend payout ratio is presently 19.61%.
Several research firms have weighed in on BLL. Vertical Group downgraded Ball from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup dropped their target price on Ball from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, July 10th. KeyCorp reaffirmed a “hold” rating on shares of Ball in a research report on Thursday. Barclays lifted their target price on Ball from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Thursday, August 9th. Finally, ValuEngine raised Ball from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Ball currently has a consensus rating of “Buy” and an average price target of $47.23.
In other news, VP Scott C. Morrison sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the completion of the transaction, the vice president now directly owns 30,392 shares of the company’s stock, valued at $1,349,404.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John A. Hayes sold 96,667 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $43.00, for a total value of $4,156,681.00. Following the transaction, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in BLL. Adviser Investments LLC acquired a new position in shares of Ball during the second quarter worth about $106,000. Piedmont Investment Advisors LLC acquired a new position in shares of Ball during the second quarter worth about $145,000. Creative Planning acquired a new position in shares of Ball during the second quarter worth about $215,000. Visionary Asset Management Inc. acquired a new position in shares of Ball during the third quarter worth about $220,000. Finally, Cozad Asset Management Inc. acquired a new position in shares of Ball during the second quarter worth about $254,000. 85.70% of the stock is owned by institutional investors and hedge funds.
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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