Berry Global Group (NYSE:BERY) Announces Earnings Results, Beats Estimates By $0.09 EPS

Berry Global Group (NYSE:BERY - Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09, Zacks reports. Berry Global Group had a net margin of 4.21% and a return on equity of 26.32%. The business had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the previous year, the company earned $1.22 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis. Berry Global Group updated its FY 2025 guidance to 6.100-6.600 EPS and its FY25 guidance to $6.10-6.60 EPS.

Berry Global Group Stock Performance

Shares of Berry Global Group stock traded down $0.06 during trading hours on Friday, hitting $69.94. 1,023,687 shares of the company were exchanged, compared to its average volume of 1,390,287. The business has a 50-day moving average of $67.43 and a 200-day moving average of $67.22. Berry Global Group has a 1 year low of $55.01 and a 1 year high of $73.31. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.45 and a beta of 1.15.

Berry Global Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.31 dividend. 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 (DPR) is currently 28.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BERY. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $76.00 price target (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Truist Financial increased their target price on shares of Berry Global Group from $72.00 to $74.00 and gave the company a "hold" rating in a research report on Monday, January 6th. StockNews.com assumed coverage on shares of Berry Global Group in a research report on Wednesday. They issued a "buy" rating for the company. UBS Group upped their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Royal Bank of Canada lifted their target price on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $73.40.

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.