Berry Global Group (NYSE:BERY) Releases FY25 Earnings Guidance

Berry Global Group (NYSE:BERY - Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $6.10-6.60 for the period, compared to the consensus EPS estimate of $6.26. Berry Global Group also updated its FY 2025 guidance to 6.100-6.600 EPS.

Analyst Ratings Changes

Several brokerages have recently issued reports on BERY. Truist Financial raised their target price on shares of Berry Global Group from $72.00 to $74.00 and gave the stock a "hold" rating in a report on Monday, January 6th. StockNews.com started coverage on Berry Global Group in a research note on Wednesday. They issued a "buy" rating on the stock. UBS Group upped their price target on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday. Barclays raised their price target on Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $73.40.

Berry Global Group Price Performance

Shares of BERY stock traded down $0.06 during trading hours on Friday, reaching $69.94. The company had a trading volume of 1,023,687 shares, compared to its average volume of 1,382,934. The stock has a fifty day moving average of $67.38 and a 200-day moving average of $67.27. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.80 and a current ratio of 1.61. Berry Global Group has a 12-month low of $55.01 and a 12-month high of $73.31.

Berry Global Group (NYSE:BERY - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. Berry Global Group's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. On average, equities analysts anticipate that Berry Global Group will post 6.3 earnings per share for the current year.

Berry Global Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.77%. Berry Global Group's dividend payout ratio is currently 30.92%.

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.