Ball Corporation (BALL) to Issue Quarterly Dividend of $0.20 on December 15th

Ball Corporation (NYSE:BALL) declared a quarterly dividend on Wednesday, October 29th. Investors of record on Monday, December 1st will be paid a dividend of 0.20 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 1st.

Ball has raised its dividend by an average of 0.1%annually over the last three years. Ball has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ball to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.3%.

Ball Trading Down 1.6%

NYSE BALL opened at $48.84 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $48.54 and a 200 day simple moving average of $52.49. Ball has a 12 month low of $43.51 and a 12 month high of $62.96. The firm has a market capitalization of $13.09 billion, a P/E ratio of 25.31, a PEG ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.02. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, analysts predict that Ball will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Mizuho decreased their price target on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Monday, November 17th. Raymond James Financial began coverage on Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company lowered their target price on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 15th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.92.

About Ball

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.