What is Zacks Research's Estimate for Ball FY2024 Earnings?

Ball Co. (NYSE:BALL - Free Report) - Investment analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Ball in a research report issued to clients and investors on Wednesday, December 11th. Zacks Research analyst M. Das now forecasts that the company will post earnings of $3.15 per share for the year, up from their prior forecast of $3.14. The consensus estimate for Ball's current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Ball's Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.53 EPS, Q2 2026 earnings at $0.97 EPS and FY2026 earnings at $3.94 EPS.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. Wells Fargo & Company lowered their target price on Ball from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Morgan Stanley upgraded Ball from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $69.00 to $78.00 in a research note on Wednesday, September 4th. Citigroup lifted their price objective on Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Finally, Mizuho raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price objective on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.75.

Ball Stock Performance

BALL stock traded up $0.25 during mid-day trading on Friday, hitting $58.24. The company had a trading volume of 1,736,007 shares, compared to its average volume of 1,837,794. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The firm has a market cap of $17.38 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. Ball has a 12 month low of $54.06 and a 12 month high of $71.32. The stock's fifty day moving average price is $62.05 and its two-hundred day moving average price is $63.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in Ball by 458.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company's stock valued at $61,139,000 after purchasing an additional 836,293 shares during the last quarter. FMR LLC lifted its holdings in shares of Ball by 15.4% during the 3rd quarter. FMR LLC now owns 4,418,570 shares of the company's stock worth $300,065,000 after acquiring an additional 588,282 shares during the last quarter. Franklin Resources Inc. grew its position in Ball by 4.7% in the third quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company's stock worth $453,144,000 after acquiring an additional 309,587 shares in the last quarter. WINTON GROUP Ltd increased its stake in Ball by 1,875.2% in the second quarter. WINTON GROUP Ltd now owns 275,238 shares of the company's stock valued at $16,520,000 after acquiring an additional 261,303 shares during the last quarter. Finally, Raymond James & Associates raised its position in Ball by 17.5% during the second quarter. Raymond James & Associates now owns 1,621,553 shares of the company's stock valued at $97,326,000 after purchasing an additional 241,502 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. Ball's payout ratio is currently 6.03%.

About Ball

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.