Zacks Research Estimates Ball’s Q4 Earnings (NYSE:BALL)

Ball Co. (NYSE:BALL) – Equities researchers at Zacks Research upped their Q4 2024 earnings estimates for Ball in a report released on Wednesday, December 11th. Zacks Research analyst M. Das now expects that the company will earn $0.82 per share for the quarter, up from their previous forecast of $0.81. The consensus estimate for Ball’s current full-year earnings is $3.15 per share.

Ball (NYSE:BALL) last issued 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. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. Ball’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS.

Several other equities analysts also recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Mizuho upgraded Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Ball in a report on Monday, November 4th. Citigroup boosted their price objective on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Stock Down 0.7 %

Shares of Ball stock opened at $57.82 on Monday. The company’s 50 day moving average price is $61.92 and its 200-day moving average price is $63.25. Ball has a 52-week low of $54.06 and a 52-week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 4.36, a P/E/G ratio of 1.44 and a beta of 0.91.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Institutional Trading of Ball

Several institutional investors have recently bought and sold shares of the company. Copley Financial Group Inc. purchased a new stake in shares of Ball during the third quarter valued at approximately $504,000. Oddo BHF Asset Management Sas bought a new position in Ball during the 3rd quarter valued at about $1,195,000. Inspire Trust Co. N.A. boosted its holdings in shares of Ball by 20.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 48,000 shares of the company’s stock valued at $3,260,000 after acquiring an additional 8,000 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Ball by 4.7% in the third quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock worth $453,144,000 after acquiring an additional 309,587 shares during the period. Finally, Tidal Investments LLC lifted its position in Ball by 3.7% during the third quarter. Tidal Investments LLC now owns 33,094 shares of the company’s stock valued at $2,247,000 after purchasing an additional 1,182 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Company Profile

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.