Ball (NYSE:BALL - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04, Briefing.com reports. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. Ball's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS.
Ball Stock Performance
Shares of BALL traded down $0.24 during trading hours on Friday, hitting $59.01. The company's stock had a trading volume of 1,867,382 shares, compared to its average volume of 1,805,830. The company has a market cap of $17.91 billion, a price-to-earnings ratio of 4.45, a PEG ratio of 1.62 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. The business has a 50 day simple moving average of $65.18 and a two-hundred day simple moving average of $65.01. Ball has a 52-week low of $47.56 and a 52-week high of $71.32.
Ball Dividend Announcement
The firm 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 $0.20 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. Ball's dividend payout ratio is presently 6.04%.
Analyst Ratings Changes
BALL has been the subject of several research reports. Baird R W upgraded Ball from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 14th. UBS Group upped their target price on Ball from $56.00 to $59.00 and gave the stock a "sell" rating in a research report on Tuesday, August 6th. Wells Fargo & Company dropped their price target on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Friday. Royal Bank of Canada cut their price objective on shares of Ball from $77.00 to $75.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Finally, Robert W. Baird upgraded shares of Ball from a "neutral" rating to an "outperform" rating and set a $70.00 target price for the company in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.92.
View Our Latest Research Report on Ball
Ball Company Profile
(
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Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
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