Berry Global Group (BERY) Scheduled to Post Earnings on Thursday

Berry Global Group (NYSE:BERY) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect Berry Global Group to post earnings of $1.92 per share for the quarter. Berry Global Group has set its FY24 guidance at $7.35-7.85 EPS and its FY 2024 guidance at 7.350-7.850 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Berry Global Group (NYSE:BERY) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.07). Berry Global Group had a net margin of 4.51% and a return on equity of 26.79%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the business posted $1.30 earnings per share. The business’s revenue was down 6.8% on a year-over-year basis. On average, analysts expect Berry Global Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Berry Global Group Price Performance

BERY stock opened at $57.79 on Thursday. Berry Global Group has a 52 week low of $53.83 and a 52 week high of $69.93. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 2.62. The company has a fifty day simple moving average of $58.63 and a two-hundred day simple moving average of $61.44. The firm has a market capitalization of $6.70 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Jonathan F. Foster purchased 1,000 shares of Berry Global Group stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $58.49 per share, with a total value of $58,490.00. Following the completion of the transaction, the director now owns 5,728 shares of the company’s stock, valued at $335,030.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Jonathan F. Foster bought 1,000 shares of Berry Global Group stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $58.49 per share, with a total value of $58,490.00. Following the completion of the acquisition, the director now directly owns 5,728 shares in the company, valued at $335,030.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter T. Thomas bought 2,000 shares of Berry Global Group stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $56.00 per share, for a total transaction of $112,000.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $112,000. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BERY shares. Wolfe Research started coverage on shares of Berry Global Group in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Barclays cut their target price on shares of Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Robert W. Baird reissued a “neutral” rating and set a $65.00 target price (down previously from $68.00) on shares of Berry Global Group in a research report on Tuesday, April 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $62.00 target price (down previously from $72.00) on shares of Berry Global Group in a research report on Friday, March 15th. Finally, UBS Group raised their target price on shares of Berry Global Group from $76.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.00.

Berry Global Group Company Profile

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.