Berry Global Group (NYSE:BERY) Issues FY 2022 Earnings Guidance

Berry Global Group (NYSE:BERY) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $7.200-$7.700 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.350. The company issued revenue guidance of -.

A number of research firms recently commented on BERY. Citigroup boosted their target price on Berry Global Group from $84.00 to $89.00 and gave the stock a buy rating in a research report on Monday. Mizuho began coverage on Berry Global Group in a research report on Tuesday, October 12th. They issued a neutral rating and a $70.00 target price on the stock. Truist assumed coverage on Berry Global Group in a research report on Monday, September 13th. They issued a positive rating and a $85.00 target price on the stock. Truist Securities assumed coverage on Berry Global Group in a research note on Tuesday, September 14th. They set a buy rating and a $85.00 price objective on the stock. Finally, Robert W. Baird reissued a buy rating and set a $83.00 price objective on shares of Berry Global Group in a research note on Friday, August 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Berry Global Group presently has an average rating of Buy and an average price target of $79.00.

Shares of BERY traded down $0.46 during mid-day trading on Thursday, reaching $65.16. 442,697 shares of the company’s stock traded hands, compared to its average volume of 938,028. The stock has a market cap of $8.84 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.08 and a beta of 1.34. The stock’s 50-day moving average is $64.54 and its two-hundred day moving average is $65.50. Berry Global Group has a 12 month low of $48.65 and a 12 month high of $70.90. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.60 and a quick ratio of 1.00.

Berry Global Group (NYSE:BERY) last released its earnings results on Thursday, November 18th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Berry Global Group had a return on equity of 30.09% and a net margin of 5.29%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Research analysts predict that Berry Global Group will post 6.06 earnings per share for the current year.

In other news, President Curt Begle sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, October 25th. The stock was sold at an average price of $67.99, for a total transaction of $951,860.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

An institutional investor recently bought a new position in Berry Global Group stock. LPL Financial LLC acquired a new position in Berry Global Group, Inc. (NYSE:BERY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,982 shares of the industrial products company’s stock, valued at approximately $912,000. 96.08% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Company Profile

Berry Global Group, Inc engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials and Health, Hygiene & Specialties.

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

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