Berry Global Group (NYSE:BERY) Releases FY 2025 Earnings Guidance

Berry Global Group (NYSE:BERY) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.100-6.600 for the period, compared to the consensus earnings per share estimate of 8.180. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BERY shares. Morgan Stanley initiated coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price for the company. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Truist Financial lifted their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.22.

Berry Global Group Stock Performance

Shares of NYSE BERY opened at $66.01 on Wednesday. The firm has a fifty day moving average price of $67.92 and a 200-day moving average price of $64.24. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $72.50. The stock has a market cap of $7.56 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14.

Berry Global Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio (DPR) is 23.50%.

Insider Buying and Selling

In related news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the sale, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.00% of the stock is currently owned by insiders.

About Berry Global Group

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.