Ball (NYSE:BALL) Releases Earnings Results, Meets Estimates

Ball (NYSE:BALL) released its quarterly earnings data on Tuesday. The company reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02, Zacks reports. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.Ball’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Ball updated its FY 2025 guidance to 3.550-3.650 EPS.

Ball Trading Up 2.2%

BALL opened at $48.88 on Thursday. Ball has a 12 month low of $43.51 and a 12 month high of $63.35. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The stock has a 50-day moving average of $49.35 and a 200 day moving average of $52.82. The firm has a market cap of $13.30 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.09 and a beta of 1.12.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. Ball’s dividend payout ratio (DPR) is presently 41.45%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BALL. Raymond James Financial started coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reduced their price target on Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group cut their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada upped their price target on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Bank of America restated a “neutral” rating and set a $66.00 target price (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.33.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the transaction, the chairman owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Ball

A number of large investors have recently bought and sold shares of BALL. Brighton Jones LLC boosted its stake in shares of Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares during the period. AQR Capital Management LLC lifted its position in shares of Ball by 402.8% in the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares during the period. Empowered Funds LLC increased its holdings in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after buying an additional 590 shares during the period. Sivia Capital Partners LLC bought a new position in Ball in the second quarter worth approximately $453,000. Finally, Jump Financial LLC bought a new stake in Ball during the 2nd quarter valued at $696,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Company Profile

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.