What is Zacks Research’s Estimate for BERY FY2027 Earnings?

Berry Global Group, Inc. (NYSE:BERY) – Equities research analysts at Zacks Research issued their FY2027 earnings estimates for shares of Berry Global Group in a report released on Tuesday, December 10th. Zacks Research analyst S. Roy anticipates that the industrial products company will post earnings per share of $7.34 for the year. The consensus estimate for Berry Global Group’s current full-year earnings is $6.75 per share.

A number of other analysts also recently weighed in on BERY. Citigroup restated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Truist Financial restated a “hold” rating and set a $72.00 price objective (down from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 target price (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Morgan Stanley started coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price target on the stock. Finally, StockNews.com started coverage on shares of Berry Global Group in a research report on Wednesday. They set a “buy” rating for the company. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Berry Global Group presently has a consensus rating of “Hold” and an average target price of $73.73.

Berry Global Group Stock Performance

Shares of BERY stock opened at $69.45 on Wednesday. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.39 and a beta of 1.14. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The business’s 50-day moving average price is $68.93 and its 200-day moving average price is $65.36. Berry Global Group has a 12 month low of $54.06 and a 12 month high of $73.31.

Institutional Investors Weigh In On Berry Global Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Berry Global Group by 1.2% in the 3rd quarter. Franklin Resources Inc. now owns 313,329 shares of the industrial products company’s stock worth $21,711,000 after acquiring an additional 3,744 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Berry Global Group by 71.0% during the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company’s stock worth $2,129,000 after purchasing an additional 13,004 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Berry Global Group in the third quarter worth approximately $463,000. Sanctuary Advisors LLC purchased a new stake in Berry Global Group in the third quarter valued at approximately $389,000. Finally, Hohimer Wealth Management LLC bought a new stake in Berry Global Group during the third quarter valued at approximately $367,000. 95.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following 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 at the SEC website. 4.00% of the stock is currently owned by insiders.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. 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 presently 28.25%.

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.