Ball (NYSE:BALL) Issues Earnings Results

Ball (NYSE:BALL) announced its quarterly earnings results on Thursday. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04, Briefing.com reports. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. Ball’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS.

Ball Price Performance

Shares of BALL stock opened at $59.01 on Friday. The firm’s 50 day moving average price is $65.18 and its two-hundred day moving average price is $65.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. Ball has a 52-week low of $47.56 and a 52-week high of $71.32. The stock has a market cap of $17.91 billion, a PE ratio of 4.45, a PEG ratio of 1.62 and a beta of 0.88.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. Ball’s payout ratio is presently 6.04%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BALL shares. Citigroup boosted their price target on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. UBS Group upped their target price on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Truist Financial restated a “buy” rating and issued a $78.00 price objective (up from $76.00) on shares of Ball in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.92.

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.