Brokerages Anticipate Ball Co. (NYSE:BLL) to Announce $0.67 Earnings Per Share

Analysts forecast that Ball Co. (NYSE:BLL) will announce earnings per share (EPS) of $0.67 for the current quarter, according to Zacks. Seven analysts have issued estimates for Ball’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.69. Ball reported earnings of $0.61 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that Ball will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.29 to $3.50. For the next financial year, analysts expect that the company will report earnings of $3.98 per share, with EPS estimates ranging from $3.65 to $4.20. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ball.

Ball (NYSE:BLL) last announced its quarterly earnings results on Wednesday, February 3rd. The industrial products company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.03. Ball had a net margin of 4.54% and a return on equity of 33.14%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business earned $0.71 EPS. Ball’s revenue for the quarter was up 14.1% compared to the same quarter last year.

BLL has been the topic of several research reports. Robert W. Baird downgraded shares of Ball from an “outperform” rating to a “neutral” rating and set a $105.00 price objective on the stock. in a research report on Monday, January 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ball from $107.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, January 20th. The Goldman Sachs Group initiated coverage on shares of Ball in a report on Thursday, April 15th. They issued a “buy” rating and a $98.00 target price on the stock. Zacks Investment Research downgraded shares of Ball from a “buy” rating to a “hold” rating and set a $96.00 target price on the stock. in a report on Tuesday, January 12th. Finally, Jefferies Financial Group lifted their target price on shares of Ball from $93.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, April 21st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ball presently has a consensus rating of “Buy” and a consensus target price of $99.69.

NYSE:BLL traded up $0.39 during midday trading on Tuesday, hitting $93.65. 1,738,112 shares of the company were exchanged, compared to its average volume of 1,898,247. The company has a fifty day simple moving average of $88.20 and a 200 day simple moving average of $90.44. Ball has a fifty-two week low of $59.79 and a fifty-two week high of $102.76. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $30.72 billion, a PE ratio of 60.22, a price-to-earnings-growth ratio of 5.44 and a beta of 0.46.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Friday, May 28th. Ball’s dividend payout ratio (DPR) is 23.72%.

In other Ball news, VP Scott C. Morrison sold 8,653 shares of Ball stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $82.50, for a total transaction of $713,872.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Toews Corp ADV acquired a new position in Ball during the first quarter worth about $949,000. Envestnet Asset Management Inc. raised its position in Ball by 92.4% during the first quarter. Envestnet Asset Management Inc. now owns 318,568 shares of the industrial products company’s stock worth $26,995,000 after acquiring an additional 152,961 shares during the last quarter. MRJ Capital Inc. raised its position in Ball by 6.3% during the first quarter. MRJ Capital Inc. now owns 71,324 shares of the industrial products company’s stock worth $6,043,000 after acquiring an additional 4,200 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Ball in the first quarter valued at approximately $536,000. Finally, Michael B. Yongue raised its position in shares of Ball by 23.4% in the first quarter. Michael B. Yongue now owns 5,707 shares of the industrial products company’s stock valued at $484,000 after buying an additional 1,083 shares during the last quarter. Institutional investors own 82.12% of the company’s stock.

Ball Company Profile

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

Featured Story: Dual Listing

Get a free copy of the Zacks research report on Ball (BLL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.