Zacks: Analysts Anticipate Ball Co. (BLL) Will Post Earnings of $0.56 Per Share

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Wall Street analysts expect that Ball Co. (NYSE:BLL) will announce $0.56 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Ball’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.54. Ball reported earnings per share of $0.60 during the same quarter last year, which would indicate a negative year over year growth rate of 6.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Ball will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.25. For the next fiscal year, analysts forecast that the firm will report earnings of $2.61 per share, with EPS estimates ranging from $2.30 to $2.83. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Ball.

Ball (NYSE:BLL) last released its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). Ball had a net margin of 4.21% and a return on equity of 20.02%. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.

A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Ball from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. BMO Capital Markets reiterated an “outperform” rating and set a $52.00 target price on shares of Ball in a report on Thursday, October 4th. ValuEngine raised Ball from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, JPMorgan Chase & Co. boosted their price target on Ball from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Ball has an average rating of “Buy” and an average price target of $50.00.

NYSE BLL traded down $0.33 during trading hours on Friday, reaching $48.39. 4,138,474 shares of the company’s stock were exchanged, compared to its average volume of 3,297,334. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.69 and a current ratio of 1.01. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 4.01 and a beta of 0.75. Ball has a one year low of $34.71 and a one year high of $50.98.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.83%. Ball’s dividend payout ratio (DPR) is presently 19.61%.

In related news, VP Charles E. Baker sold 16,647 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $50.50, for a total transaction of $840,673.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott C. Morrison sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the transaction, the vice president now directly owns 30,392 shares of the company’s stock, valued at $1,349,404.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,213 shares of company stock valued at $6,434,505. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Portland Hill Asset Management Ltd boosted its holdings in shares of Ball by 0.3% in the 3rd quarter. Portland Hill Asset Management Ltd now owns 338,619 shares of the industrial products company’s stock valued at $14,947,000 after buying an additional 1,126 shares during the last quarter. BB&T Securities LLC increased its holdings in Ball by 4.8% during the second quarter. BB&T Securities LLC now owns 28,879 shares of the industrial products company’s stock worth $1,026,000 after buying an additional 1,313 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Ball by 1.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 137,136 shares of the industrial products company’s stock worth $6,032,000 after buying an additional 1,360 shares during the last quarter. Parkwood LLC increased its holdings in Ball by 13.9% during the second quarter. Parkwood LLC now owns 11,538 shares of the industrial products company’s stock worth $410,000 after buying an additional 1,410 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in Ball by 5.7% during the second quarter. Nomura Holdings Inc. now owns 29,065 shares of the industrial products company’s stock worth $1,034,000 after acquiring an additional 1,558 shares in the last quarter. Hedge funds and other institutional investors own 88.48% of the company’s stock.

Ball Company Profile

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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Earnings History and Estimates for Ball (NYSE:BLL)

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