FY2024 Earnings Forecast for Ball Issued By Zacks Research

Ball Co. (NYSE:BALL - Free Report) - Analysts at Zacks Research increased their FY2024 earnings estimates for Ball in a report issued on Thursday, November 14th. Zacks Research analyst M. Das now expects that the company will post earnings of $3.14 per share for the year, up from their previous forecast of $3.11. The consensus estimate for Ball's current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Ball's Q4 2024 earnings at $0.81 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.93 EPS, FY2025 earnings at $3.52 EPS, Q1 2026 earnings at $0.92 EPS, Q2 2026 earnings at $0.96 EPS, Q3 2026 earnings at $1.02 EPS and FY2026 earnings at $3.93 EPS.

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

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Truist Financial reissued a "buy" rating and set a $78.00 target price (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Mizuho decreased their target price on shares of Ball from $69.00 to $67.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Citigroup upped their price objective on shares of Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $70.00 price objective for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.75.

Ball Stock Down 0.1 %

Shares of NYSE BALL traded down $0.06 during trading on Monday, hitting $60.86. 2,524,726 shares of the company traded hands, compared to its average volume of 1,810,287. 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 business's fifty day moving average is $64.44 and its 200 day moving average is $64.53. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 4.59, a P/E/G ratio of 1.53 and a beta of 0.90. Ball has a fifty-two week low of $51.65 and a fifty-two week high of $71.32.

Institutional Trading of Ball

Several institutional investors and hedge funds have recently bought and sold shares of BALL. Peterson Financial Group Inc. purchased a new stake in Ball in the 3rd quarter worth approximately $30,000. Friedenthal Financial purchased a new stake in shares of Ball during the 2nd quarter valued at $47,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Ball during the 3rd quarter valued at $47,000. Quarry LP raised its position in shares of Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company's stock valued at $60,000 after buying an additional 856 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Ball during the 3rd quarter valued at $66,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, December 2nd. 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.