Berry Global Group (BERY) Scheduled to Post Quarterly Earnings on Wednesday

Berry Global Group (NYSE:BERY - Get Free Report) 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

Berry Global Group Price Performance

BERY traded down $0.89 during trading on Wednesday, reaching $67.00. 798,758 shares of the stock were exchanged, compared to its average volume of 987,254. The business's 50 day moving average price is $67.93 and its two-hundred day moving average price is $63.95. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.12 and a beta of 1.14. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $71.63.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. This is an increase from Berry Global Group's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group's payout ratio is presently 23.50%.

Insider Activity at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the transaction, the director now directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Truist Financial boosted their target price on Berry Global Group from $68.00 to $74.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. UBS Group reduced their price objective on Berry Global Group from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. StockNews.com assumed coverage on Berry Global Group in a research report on Thursday, November 7th. They issued a "hold" rating on the stock. Finally, Morgan Stanley assumed coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $76.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $71.22.

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.