Ball (BALL) Scheduled to Post Quarterly Earnings on Friday

Ball (NYSE:BALL) is set to release its earnings data before the market opens on Friday, April 26th. Analysts expect Ball to post earnings of $0.56 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Ball had a net margin of 5.04% and a return on equity of 23.81%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts expect Ball to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ball Trading Up 0.1 %

NYSE:BALL opened at $65.50 on Wednesday. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 4.20 and a beta of 0.89. Ball has a 52 week low of $42.81 and a 52 week high of $67.97. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average of $64.84 and a 200 day moving average of $57.68.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BALL shares. Bank of America raised Ball from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $61.00 to $72.00 in a research report on Monday, March 4th. Truist Financial restated a “hold” rating and set a $60.00 price target on shares of Ball in a research note on Friday, April 12th. Wells Fargo & Company upped their price objective on shares of Ball from $52.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. UBS Group started coverage on shares of Ball in a research report on Tuesday, January 16th. They set a “sell” rating and a $55.00 target price on the stock. Finally, Barclays reiterated an “equal weight” rating and set a $71.00 price objective (up from $66.00) on shares of Ball in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Ball currently has a consensus rating of “Hold” and a consensus target price of $65.58.

Insider Transactions at Ball

In other news, insider Daniel William Fisher purchased 3,869 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $64.56 per share, with a total value of $249,782.64. Following the completion of the acquisition, the insider now owns 111,866 shares of the company’s stock, valued at approximately $7,222,068.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

About Ball

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.