Berry Global Group (NYSE:BERY) Issues FY 2025 Earnings Guidance

Berry Global Group (NYSE:BERY - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.100-6.600 for the period, compared to the consensus estimate of 6.260. The company issued revenue guidance of -. Berry Global Group also updated its FY25 guidance to $6.10-6.60 EPS.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. StockNews.com started coverage on Berry Global Group in a research note on Wednesday. They issued a "buy" rating for the company. Truist Financial boosted their target price 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. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, Citigroup reaffirmed 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $73.40.

Berry Global Group Stock Down 0.1 %

Shares of NYSE BERY traded down $0.06 during trading hours on Friday, hitting $69.94. The stock had a trading volume of 949,303 shares, compared to its average volume of 1,381,433. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. Berry Global Group has a 52 week low of $55.01 and a 52 week high of $73.31. The firm's 50-day moving average price is $67.43 and its two-hundred day moving average price is $67.22. The company has a market capitalization of $8.09 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.45 and a beta of 1.15.

Berry Global Group (NYSE:BERY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 4.21% and a return on equity of 26.32%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.22 EPS. Analysts anticipate that Berry Global Group will post 6.31 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed 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 is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.77%. Berry Global Group's payout ratio is presently 28.25%.

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.