Research Analysts Issue Forecasts for Ball FY2025 Earnings

Ball Co. (NYSE:BALL) – Analysts at Zacks Research raised their FY2025 EPS estimates for shares of Ball in a research note issued to investors on Monday, January 13th. Zacks Research analyst M. Das now expects that the company will earn $3.54 per share for the year, up from their previous forecast of $3.53. The consensus estimate for Ball’s current full-year earnings is $3.15 per share.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company posted $0.83 EPS. Ball’s quarterly revenue was down .9% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the company. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a research note on Tuesday, December 10th. UBS Group upgraded shares of Ball from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $62.00 to $58.00 in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective on shares of Ball from $61.00 to $56.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Citigroup dropped their target price on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and an average price target of $68.75.

Ball Price Performance

Shares of NYSE:BALL opened at $54.30 on Wednesday. The firm has a market cap of $16.20 billion, a PE ratio of 4.10, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Ball has a 52 week low of $51.96 and a 52 week high of $71.32. The firm’s fifty day moving average is $58.05 and its 200-day moving average is $61.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09.

Hedge Funds Weigh In On Ball

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in Ball by 458.6% during the 2nd 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 in the last quarter. FMR LLC grew its holdings in shares of Ball by 15.4% during the third quarter. FMR LLC now owns 4,418,570 shares of the company’s stock valued at $300,065,000 after buying an additional 588,282 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Ball by 4.7% during 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. KBC Group NV increased its position in shares of Ball by 402.1% during the third quarter. KBC Group NV now owns 265,261 shares of the company’s stock worth $18,014,000 after acquiring an additional 212,430 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ball by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock worth $144,951,000 after acquiring an additional 171,924 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. Ball’s dividend payout ratio is 6.03%.

Ball Company Profile

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.