Ball Co. (BLL) Expected to Post Quarterly Sales of $2.83 Billion

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Equities analysts expect Ball Co. (NYSE:BLL) to report sales of $2.83 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Ball’s earnings. The highest sales estimate is $3.09 billion and the lowest is $2.65 billion. Ball posted sales of $2.91 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.7%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that Ball will report full-year sales of $11.37 billion for the current fiscal year, with estimates ranging from $11.09 billion to $11.90 billion. For the next year, analysts expect that the firm will post sales of $11.24 billion, with estimates ranging from $10.85 billion to $12.18 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ball.

Ball (NYSE:BLL) last released its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.01 billion. Ball had a net margin of 4.12% and a return on equity of 19.93%. Ball’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS.

Several research firms have recently weighed in on BLL. Royal Bank of Canada restated a “buy” rating and set a $47.00 price objective on shares of Ball in a research note on Monday, August 6th. ValuEngine upgraded shares of Ball from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. BMO Capital Markets restated an “outperform” rating and set a $52.00 price objective on shares of Ball in a research note on Thursday, October 4th. UBS Group set a $52.00 price objective on shares of Ball and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, Deutsche Bank set a $51.00 price objective on shares of Ball and gave the stock a “buy” rating in a research note on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.23.

Shares of Ball stock traded up $0.65 during trading on Friday, hitting $44.16. 3,882,913 shares of the stock were exchanged, compared to its average volume of 2,939,301. The firm has a market capitalization of $15.13 billion, a PE ratio of 21.65, a P/E/G ratio of 3.56 and a beta of 0.89. Ball has a 1-year low of $34.71 and a 1-year high of $46.69. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 0.92.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. Ball’s dividend payout ratio (DPR) is currently 19.61%.

In related news, VP Scott C. Morrison sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the transaction, the vice president now owns 30,392 shares in the company, valued at approximately $1,349,404.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman John A. Hayes sold 96,667 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the completion of the transaction, the chairman now owns 471,228 shares in the company, valued at approximately $20,262,804. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BLL. Natixis Advisors L.P. boosted its holdings in Ball by 34.7% in the 1st quarter. Natixis Advisors L.P. now owns 22,120 shares of the industrial products company’s stock valued at $878,000 after purchasing an additional 5,694 shares during the period. First Republic Investment Management Inc. boosted its holdings in Ball by 43.3% in the 1st quarter. First Republic Investment Management Inc. now owns 12,137 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 3,666 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ball by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,489,819 shares of the industrial products company’s stock valued at $59,161,000 after purchasing an additional 37,269 shares during the period. State of Tennessee Treasury Department boosted its holdings in Ball by 15.3% in the 1st quarter. State of Tennessee Treasury Department now owns 175,958 shares of the industrial products company’s stock valued at $6,987,000 after purchasing an additional 23,399 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Ball by 4.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 45,094 shares of the industrial products company’s stock valued at $1,791,000 after purchasing an additional 2,000 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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