Ball Co. (NYSE:BLL) – Analysts at KeyCorp raised their FY2018 earnings per share (EPS) estimates for Ball in a research report issued to clients and investors on Sunday. KeyCorp analyst A. Josephson now forecasts that the industrial products company will post earnings per share of $2.26 for the year, up from their previous forecast of $1.92. KeyCorp has a “Sector Weight” rating on the stock.
Ball (NYSE:BLL) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Ball had a return on equity of 19.20% and a net margin of 3.63%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS.
Ball (BLL) traded up $0.89 on Wednesday, hitting $39.01. The company had a trading volume of 1,215,568 shares, compared to its average volume of 3,792,332. The firm has a market cap of $13,218.10, a PE ratio of 34.76, a P/E/G ratio of 2.98 and a beta of 0.97. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 1.60. Ball has a 1-year low of $35.60 and a 1-year high of $43.24.
A number of large investors have recently made changes to their positions in the business. New Mexico Educational Retirement Board boosted its holdings in shares of Ball by 4.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 33,828 shares of the industrial products company’s stock worth $1,280,000 after purchasing an additional 1,300 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of Ball by 5.0% during the third quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock worth $1,277,000 after purchasing an additional 1,485 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Ball by 0.8% during the third quarter. Aperio Group LLC now owns 180,150 shares of the industrial products company’s stock worth $7,440,000 after purchasing an additional 1,492 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Ball by 63.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of Ball by 9.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 16,968 shares of the industrial products company’s stock worth $642,000 after purchasing an additional 1,512 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.
In other Ball news, Chairman John A. Hayes sold 5,519 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $40.74, for a total transaction of $224,844.06. Following the sale, the chairman now owns 408,451 shares in the company, valued at approximately $16,640,293.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott C. Morrison sold 2,591 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $38.62, for a total value of $100,064.42. Following the sale, the vice president now owns 390,052 shares in the company, valued at approximately $15,063,808.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,241 shares of company stock worth $638,091. 2.70% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, February 28th. Ball’s dividend payout ratio (DPR) is presently 35.71%.
COPYRIGHT VIOLATION WARNING: “Equities Analysts Offer Predictions for Ball Co.’s FY2018 Earnings (BLL)” was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.themarketsdaily.com/2018/02/15/equities-analysts-offer-predictions-for-ball-co-s-fy2018-earnings-bll.html.
Ball Company Profile
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.