FY2027 Earnings Estimate for BERY Issued By Zacks Research

Berry Global Group, Inc. (NYSE:BERY) – Zacks Research issued their FY2027 earnings per share estimates for Berry Global Group in a report released on Tuesday, December 10th. Zacks Research analyst S. Roy expects that the industrial products company will post earnings of $7.34 per share for the year. The consensus estimate for Berry Global Group’s current full-year earnings is $6.75 per share.

Several other brokerages also recently weighed in on BERY. Citigroup reissued a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. UBS Group downgraded shares of Berry Global Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $82.00 to $75.00 in a report on Friday, November 22nd. Royal Bank of Canada lifted their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, Morgan Stanley assumed coverage on shares of 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. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Berry Global Group has an average rating of “Hold” and an average target price of $73.73.

Berry Global Group Price Performance

BERY opened at $68.69 on Wednesday. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31. The stock has a 50-day moving average price of $69.02 and a 200-day moving average price of $65.41. The firm has a market cap of $7.91 billion, a PE ratio of 15.65, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.81%. Berry Global Group’s payout ratio is 28.25%.

Insider Buying and Selling

In related news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the transaction, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Berry Global Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new stake in shares of Berry Global Group in the 2nd quarter worth about $27,000. Quest Partners LLC lifted its stake in shares of Berry Global Group by 54,800.0% during the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 548 shares during the last quarter. LRI Investments LLC boosted its holdings in Berry Global Group by 1,309.1% during the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 576 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Berry Global Group in the 2nd quarter valued at $42,000. Finally, American Capital Advisory LLC purchased a new stake in Berry Global Group in the second quarter worth $44,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

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.