Ball Corp. (BLL) Expected to Post Q1 2017 Earnings of $0.81 Per Share
Ball Corp. (NYSE:BLL) – Investment analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for shares of Ball Corp. in a research note issued on Monday. Jefferies Group analyst P. Ng anticipates that the brokerage will post earnings per share of $0.81 for the quarter. Jefferies Group has a “Buy” rating and a $93.00 price objective on the stock. Jefferies Group also issued estimates for Ball Corp.’s Q2 2017 earnings at $1.24 EPS, Q3 2017 earnings at $1.28 EPS and Q4 2017 earnings at $1.10 EPS.
A number of other research analysts have also issued reports on BLL. Zacks Investment Research lowered shares of Ball Corp. from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America Corp. reiterated a “buy” rating and set a $90.00 price target on shares of Ball Corp. in a research note on Thursday, September 29th. Robert W. Baird reiterated an “outperform” rating and set a $85.00 price target on shares of Ball Corp. in a research note on Sunday, August 7th. TheStreet upgraded shares of Ball Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ball Corp. from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $85.29.
Ball Corp. (NYSE:BLL) opened at 78.59 on Wednesday. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 45.06 and a beta of 1.05. The firm has a 50-day moving average of $79.21 and a 200-day moving average of $75.55. Ball Corp. has a 1-year low of $62.30 and a 1-year high of $82.24.
Ball Corp. (NYSE:BLL) last released its earnings results on Thursday, November 3rd. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.01. Ball Corp. had a net margin of 3.54% and a return on equity of 20.89%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the company posted $1.10 EPS. The business’s revenue was up 34.2% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Tuesday, November 29th. Ball Corp.’s dividend payout ratio (DPR) is presently 25.62%.
In other Ball Corp. news, Director Cynthia A. Niekamp purchased 3,000 shares of Ball Corp. stock in a transaction on Thursday, August 18th. The shares were bought at an average price of $80.37 per share, with a total value of $241,110.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at $241,110. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO James N. Peterson sold 3,870 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $79.88, for a total transaction of $309,135.60. Following the completion of the sale, the chief operating officer now directly owns 13,289 shares in the company, valued at approximately $1,061,525.32. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Roystone Capital Management LP purchased a new position in shares of Ball Corp. during the second quarter valued at about $110,036,000. Vanguard Group Inc. increased its position in shares of Ball Corp. by 11.7% in the second quarter. Vanguard Group Inc. now owns 13,856,473 shares of the company’s stock valued at $1,001,685,000 after buying an additional 1,452,558 shares during the last quarter. Brookside Capital Management LLC purchased a new position in shares of Ball Corp. during the first quarter valued at about $96,483,000. FMR LLC increased its position in shares of Ball Corp. by 16.2% in the second quarter. FMR LLC now owns 6,345,042 shares of the company’s stock valued at $458,683,000 after buying an additional 885,627 shares during the last quarter. Finally, Samlyn Capital LLC purchased a new position in shares of Ball Corp. during the first quarter valued at about $59,717,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.
About Ball Corp.
Ball Corporation (Ball) is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. The Company operates in four segments: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.
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