Ball (NYSE:BALL) Issues Earnings Results

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

Ball Stock Up 0.3%

BALL stock traded up $0.14 on Tuesday, reaching $47.25. 1,160,242 shares of the company traded hands, compared to its average volume of 2,594,951. The company has a market cap of $12.86 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.09 and a beta of 1.09. The firm has a fifty day simple moving average of $49.52 and a 200-day simple moving average of $52.85. Ball has a one year low of $43.51 and a one year high of $63.35. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s dividend payout ratio (DPR) is 41.45%.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the transaction, the chairman directly owned 10,036 shares in the company, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Ball

A number of institutional investors and hedge funds have recently modified their holdings of BALL. Sivia Capital Partners LLC purchased a new position in shares of Ball in the second quarter valued at about $453,000. Brighton Jones LLC raised its stake in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after buying an additional 1,531 shares during the last quarter. Empowered Funds LLC grew its holdings in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after acquiring an additional 590 shares during the period. AQR Capital Management LLC grew its holdings in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after acquiring an additional 67,289 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in Ball during the second quarter worth about $466,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BALL has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. UBS Group lowered their target price on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Truist Financial decreased their target price on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Bank of America reaffirmed a “neutral” rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Wells Fargo & Company dropped their price objective on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a report on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.36.

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.