Zacks Research Issues Optimistic Outlook for Ball Earnings

Ball Co. (NYSE:BALL) – Equities researchers at Zacks Research increased their Q4 2024 EPS estimates for Ball in a research note issued on Wednesday, December 11th. Zacks Research analyst M. Das now anticipates 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.

A number of other equities research analysts have also recently commented on BALL. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Ball in a research note on Monday, November 4th. Citigroup boosted their target price on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their price target 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 note on Tuesday, December 10th. Finally, Morgan Stanley raised 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ball currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Stock Performance

Shares of Ball stock opened at $57.82 on Monday. The firm has a market capitalization of $17.25 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $61.92 and its 200 day simple moving average is $63.25. Ball has a 12 month low of $54.06 and a 12 month high of $71.32.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in shares of Ball in the 3rd quarter worth $30,000. Catalyst Capital Advisors LLC purchased a new position in Ball in the third quarter worth $47,000. Quarry LP raised its position in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Ball during the third quarter valued at about $66,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after purchasing an additional 815 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued 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 of this dividend was Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

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.