Ball (BALL) Scheduled to Post Quarterly Earnings on Thursday

Ball (NYSE:BALL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Ball to post earnings of $0.87 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. Ball’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. On average, analysts expect Ball to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ball Stock Performance

NYSE:BALL opened at $63.29 on Wednesday. Ball has a twelve month low of $46.95 and a twelve month high of $71.32. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $65.37 and its 200 day simple moving average is $65.10. The stock has a market cap of $19.64 billion, a P/E ratio of 4.76, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s dividend payout ratio is 6.02%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BALL. Royal Bank of Canada dropped their target price on shares of Ball from $77.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and issued a $78.00 target price (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. UBS Group boosted their price target on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Finally, Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $71.08.

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.