Berry Global Group (BERY) Set to Announce Earnings on Wednesday

Berry Global Group (NYSE:BERY) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 20th. Analysts expect Berry Global Group to post earnings of $2.25 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Berry Global Group Stock Up 0.7 %

NYSE BERY opened at $66.80 on Monday. The company has a market capitalization of $7.66 billion, a P/E ratio of 14.27, a PEG ratio of 1.10 and a beta of 1.14. Berry Global Group has a 12 month low of $54.06 and a 12 month high of $71.63. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The company’s 50 day simple moving average is $67.90 and its 200 day simple moving average is $64.13.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.86%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is currently 23.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial lifted their target price on Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley started coverage on Berry Global Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price target on the stock. Finally, StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.22.

Insider Transactions at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the sale, the director now directly owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is owned by insiders.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.