Berry Global Group (BERY) Projected to Post Earnings on Tuesday

Berry Global Group (NYSE:BERY - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.00 per share and revenue of $2.35 billion for the quarter.

Berry Global Group Trading Down 0.6 %

BERY traded down $0.42 during trading on Friday, hitting $67.93. 1,030,315 shares of the stock traded hands, compared to its average volume of 1,065,870. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The firm has a 50-day moving average of $67.56 and a 200 day moving average of $67.07. The firm has a market capitalization of $7.86 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. Berry Global Group has a 12-month low of $54.06 and a 12-month high of $73.31.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.83%. Berry Global Group's dividend payout ratio is presently 28.25%.

Analyst Ratings Changes

BERY has been the topic of several recent analyst reports. Truist Financial lifted their price target on shares of Berry Global Group from $72.00 to $74.00 and gave the company a "hold" rating in a report on Monday, January 6th. Barclays upped their target price on Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. UBS Group lowered their target price on Berry Global Group from $75.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. StockNews.com started coverage on Berry Global Group in a research note on Tuesday. They issued a "buy" rating on the stock. Finally, Citigroup reissued a "neutral" rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $73.30.

About Berry Global Group

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.