Zacks Research Estimates Ball’s FY2024 Earnings (NYSE:BALL)

Ball Co. (NYSE:BALL) – Research analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Ball in a report issued on Thursday, November 14th. Zacks Research analyst M. Das now forecasts that the company will post earnings of $3.14 per share for the year, up from their prior estimate of $3.11. The consensus estimate for Ball’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Ball’s Q4 2024 earnings at $0.81 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.93 EPS, FY2025 earnings at $3.52 EPS, Q1 2026 earnings at $0.92 EPS, Q2 2026 earnings at $0.96 EPS, Q3 2026 earnings at $1.02 EPS and FY2026 earnings at $3.93 EPS.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. UBS Group boosted their price objective on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Citigroup upped their target price on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.75.

Ball Stock Down 0.1 %

BALL opened at $60.86 on Monday. The company has a fifty day moving average of $64.44 and a two-hundred day moving average of $64.53. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. Ball has a fifty-two week low of $51.65 and a fifty-two week high of $71.32. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 1.53 and a beta of 0.90.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio is currently 6.03%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new position in shares of Ball during the 3rd quarter valued at about $30,000. Friedenthal Financial acquired a new stake in Ball during the second quarter worth about $47,000. Catalyst Capital Advisors LLC purchased a new position in Ball during the third quarter worth about $47,000. Quarry LP boosted its holdings in Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Ball in the 3rd quarter valued at approximately $66,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

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.