Ball (NYSE:BALL) Issues Earnings Results, Beats Estimates By $0.04 EPS

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

Ball Trading Down 0.2 %

Shares of Ball stock traded down $0.14 on Friday, reaching $59.11. 943,031 shares of the company’s stock were exchanged, compared to its average volume of 1,799,279. The company has a market capitalization of $17.94 billion, a P/E ratio of 4.47, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88. Ball has a 52 week low of $47.56 and a 52 week high of $71.32. The firm’s 50-day moving average is $65.29 and its two-hundred day moving average is $65.05. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s payout ratio is 6.04%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BALL. UBS Group boosted their target price on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Wells Fargo & Company boosted their target price on shares of Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Royal Bank of Canada reduced their price objective on shares of Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, Citigroup boosted their target price on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $71.08.

Ball Company Profile

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.