Q1 2022 Earnings Forecast for Ball Co. (NYSE:BLL) Issued By Truist Securities

Ball Co. (NYSE:BLL) – Equities research analysts at Truist Securities increased their Q1 2022 EPS estimates for Ball in a report released on Wednesday, January 12th. Truist Securities analyst M. Roxland now expects that the industrial products company will post earnings of $0.74 per share for the quarter, up from their prior forecast of $0.72. Truist Securities also issued estimates for Ball’s Q2 2022 earnings at $0.95 EPS and Q4 2022 earnings at $1.18 EPS.

Several other research firms have also commented on BLL. Loop Capital started coverage on shares of Ball in a research report on Tuesday, October 5th. They set a “buy” rating and a $118.00 price target for the company. Zacks Investment Research lowered shares of Ball from a “hold” rating to a “sell” rating and set a $96.00 price target for the company. in a research report on Friday. Seaport Res Ptn reissued a “neutral” rating on shares of Ball in a research report on Wednesday, October 20th. Barclays increased their price objective on shares of Ball from $95.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, September 20th. Finally, Citigroup lowered shares of Ball from a “buy” rating to a “neutral” rating and set a $105.00 price objective for the company. in a research report on Tuesday, January 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Ball presently has an average rating of “Hold” and an average target price of $100.82.

BLL stock opened at $90.59 on Friday. The firm has a market cap of $29.34 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 4.50 and a beta of 0.48. The firm has a 50-day simple moving average of $92.70 and a two-hundred day simple moving average of $90.48. Ball has a one year low of $77.95 and a one year high of $98.09. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.70 and a current ratio of 0.97.

Ball (NYSE:BLL) last released its quarterly earnings data on Thursday, November 4th. The industrial products company reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.04). The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Ball had a return on equity of 30.98% and a net margin of 6.10%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 30th. This represents a $0.80 annualized dividend and a yield of 0.88%. Ball’s dividend payout ratio (DPR) is presently 32.92%.

In related news, President Daniel William Fisher purchased 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 24th. The shares were purchased at an average price of $93.89 per share, with a total value of $657,230.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Ronald J. Lewis purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The stock was bought at an average cost of $91.26 per share, for a total transaction of $912,600.00. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank grew its stake in Ball by 5.0% in the 4th quarter. First Hawaiian Bank now owns 17,041 shares of the industrial products company’s stock valued at $1,641,000 after acquiring an additional 819 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Ball by 13.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 21,579 shares of the industrial products company’s stock valued at $2,077,000 after purchasing an additional 2,530 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Ball in the 4th quarter valued at $428,000. Jefferies Group LLC lifted its holdings in Ball by 1.9% in the 3rd quarter. Jefferies Group LLC now owns 20,400 shares of the industrial products company’s stock valued at $1,835,000 after purchasing an additional 384 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Ball by 1.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,829,600 shares of the industrial products company’s stock valued at $164,609,000 after purchasing an additional 27,511 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

About Ball

Ball Corp. provides metal packaging for beverages, foods and household products. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; and Aerospace. The Beverage Packaging, North and Central America segment sold under multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

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