Ball Co. (BLL) Posts Earnings Results, Beats Estimates By $0.05 EPS
Ball Co. (NYSE:BLL) announced its quarterly earnings data on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05, Analyst Ratings Network.com reports. The business earned $1.81 billion during the quarter, compared to analyst estimates of $1.94 billion. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share.
Shares of Ball (NYSE:BLL) opened at 66.83 on Monday. The company has a market capitalization of $9.15 billion and a price-to-earnings ratio of 33.58. The company has a 50-day moving average price of $70.18 and a 200-day moving average price of $68.02. Ball has a 12 month low of $57.95 and a 12 month high of $77.20.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, February 26th.
BLL has been the topic of a number of recent analyst reports. Citigroup Inc. dropped their price objective on Ball from $75.00 to $69.00 in a research note on Thursday, October 15th. Jefferies Group dropped their price objective on Ball from $87.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo raised Ball from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 3rd. Macquarie raised Ball from a “neutral” rating to an “outperform” rating in a research note on Monday, November 9th. Finally, Zacks Investment Research downgraded Ball from a “hold” rating to a “sell” rating in a research note on Wednesday, December 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ball currently has a consensus rating of “Hold” and a consensus price target of $74.78.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company operates in four segments. The metal beverage packaging, Americas and Asia segment consists of operations in the United States, Canada, Brazil and the PRC, which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging, Europe segment consists of operations in Europe, which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States, Europe, Canada, Mexico and Argentina that manufacture and sell metal food, aerosol, paint, general line and extruded aluminum containers, decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense, civil space and commercial space industries.
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