Berry Global Group Inc (NYSE:BERY) – Stock analysts at Jefferies Financial Group issued their Q2 2019 earnings per share estimates for Berry Global Group in a report released on Monday, February 4th. Jefferies Financial Group analyst D. Rizzo forecasts that the industrial products company will post earnings of $0.97 per share for the quarter. Jefferies Financial Group also issued estimates for Berry Global Group’s Q3 2019 earnings at $1.08 EPS, Q4 2019 earnings at $1.08 EPS and FY2020 earnings at $4.15 EPS.

Several other research firms have also recently weighed in on BERY. ValuEngine upgraded shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Zacks Investment Research upgraded shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Morgan Stanley began coverage on shares of Berry Global Group in a research report on Wednesday, January 16th. They issued an “equal weight” rating and a $53.00 price objective on the stock. Citigroup upped their price objective on shares of Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. Finally, TheStreet upgraded shares of Berry Global Group from a “c+” rating to a “b” rating in a research report on Monday, November 19th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $61.75.

BERY stock opened at $49.70 on Thursday. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 3.92. The company has a market capitalization of $6.48 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.31 and a beta of 1.03. Berry Global Group has a 1-year low of $40.50 and a 1-year high of $57.18.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Friday, February 1st. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. Berry Global Group had a net margin of 5.22% and a return on equity of 33.85%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis.

In related news, EVP Jason K. Greene sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $50.05, for a total value of $500,500.00. Following the transaction, the executive vice president now directly owns 750 shares in the company, valued at $37,537.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BERY. Canyon Capital Advisors LLC grew its position in Berry Global Group by 9.6% during the third quarter. Canyon Capital Advisors LLC now owns 8,670,022 shares of the industrial products company’s stock valued at $419,542,000 after acquiring an additional 759,742 shares during the last quarter. Marshall Wace LLP grew its position in Berry Global Group by 130.4% during the third quarter. Marshall Wace LLP now owns 633,510 shares of the industrial products company’s stock valued at $30,656,000 after acquiring an additional 358,588 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Berry Global Group by 8.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,145,573 shares of the industrial products company’s stock valued at $197,038,000 after acquiring an additional 328,906 shares during the last quarter. Credit Suisse AG grew its position in Berry Global Group by 153.5% during the third quarter. Credit Suisse AG now owns 410,490 shares of the industrial products company’s stock valued at $19,863,000 after acquiring an additional 248,552 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. grew its position in Berry Global Group by 184.0% during the third quarter. Gluskin Sheff & Assoc Inc. now owns 267,419 shares of the industrial products company’s stock valued at $12,940,000 after acquiring an additional 173,248 shares during the last quarter. Institutional investors and hedge funds own 95.39% of the company’s stock.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

See Also: Current Ratio

Earnings History and Estimates for Berry Global Group (NYSE:BERY)

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