Berry Global Group (BERY) Set to Announce Earnings on Wednesday

Berry Global Group (NYSE:BERY) is set to release its earnings data before the market opens on Wednesday, November 20th. Analysts expect Berry Global Group to post earnings of $2.25 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Berry Global Group Stock Performance

Shares of BERY opened at $67.05 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $7.68 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. The firm’s fifty day simple moving average is $67.90 and its two-hundred day simple moving average is $64.13. Berry Global Group has a 12 month low of $54.06 and a 12 month high of $71.63.

Berry Global Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is 23.50%.

Insider Buying and Selling

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the sale, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective on the stock. StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, Truist Financial upped their price objective on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Berry Global Group presently has a consensus rating of “Hold” and an average target price of $71.22.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.