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

Berry Global Group (NYSE:BERY) is scheduled to post its quarterly earnings results 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 interested in registering for the company’s earnings conference call can do so using this link.

Berry Global Group Trading Up 0.7 %

NYSE BERY opened at $66.80 on Monday. The company has a 50-day moving average of $67.90 and a 200-day moving average of $64.13. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. Berry Global Group has a 12 month low of $54.06 and a 12 month high of $71.63. The company has a market cap of $7.66 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.10 and a beta of 1.14.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.31 dividend. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group’s dividend payout ratio (DPR) is 23.50%.

Wall Street Analyst Weigh In

BERY has been the subject of a number of research reports. Truist Financial upped their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Morgan Stanley started coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price for the company. Finally, StockNews.com upgraded Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday. Seven investment 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, the stock currently has an average rating of “Hold” and an average price target of $71.22.

Insider Buying and Selling

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.

Berry Global Group Company Profile

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.