Berry Global Group (NYSE:BERY) Releases Earnings Results, Beats Expectations By $0.09 EPS

Berry Global Group (NYSE:BERY) posted its earnings results on Tuesday. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09, Zacks reports. Berry Global Group had a return on equity of 26.32% and a net margin of 4.21%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. Berry Global Group’s revenue was up 2.2% compared to the same quarter last year. Berry Global Group updated its FY 2025 guidance to 6.100-6.600 EPS and its FY25 guidance to $6.10-6.60 EPS.

Berry Global Group Stock Up 1.2 %

Shares of Berry Global Group stock opened at $71.37 on Thursday. The stock’s fifty day moving average is $67.46 and its 200-day moving average is $67.20. The firm has a market capitalization of $8.26 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. Berry Global Group has a 12-month low of $54.06 and a 12-month high of $73.31.

Berry Global Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group’s payout ratio is 28.25%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BERY. Truist Financial increased their price objective on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Royal Bank of Canada increased their price target on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Citigroup reissued a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, UBS Group dropped their target price on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.30.

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.