Headlines about Ball (NYSE:BLL) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ball earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.3746317205285 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Peter Willcox-Jones Joins Ball Janik LLP’s Portland, Oregon Office as a Partner (prweb.com)
- New Balluff 18mm IO-Link Photoelectric Smart Sensor (prweb.com)
- BRIEF-Ball Corp CEO John Hayes’ Total Compensation For 2017 Was $12.9 Mln (reuters.com)
- Short Interest in Ball Co. (BLL) Increases By 14.9% (americanbankingnews.com)
- Zacks: Brokerages Anticipate Ball Co. (BLL) Will Announce Quarterly Sales of $2.58 Billion (americanbankingnews.com)
Several equities research analysts have weighed in on BLL shares. BMO Capital Markets upgraded shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Monday, December 4th. KeyCorp downgraded shares of Ball from a “sector weight” rating to an “underweight” rating and lowered their price objective for the stock from $40.81 to $36.00 in a research note on Friday, December 8th. They noted that the move was a valuation call. Vertical Research upgraded shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday, December 15th. They noted that the move was a valuation call. TheStreet downgraded shares of Ball from a “b-” rating to a “c+” rating in a research note on Thursday, December 14th. Finally, Zacks Investment Research upgraded shares of Ball from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.62.
Ball (NYSE:BLL) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.08. Ball had a net margin of 3.63% and a return on equity of 19.24%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the company posted $0.44 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. research analysts forecast that Ball will post 2.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. Ball’s dividend payout ratio (DPR) is presently 35.71%.
In related news, COO James N. Peterson sold 1,349 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $38.05, for a total transaction of $51,329.45. Following the completion of the transaction, the chief operating officer now owns 38,008 shares of the company’s stock, valued at $1,446,204.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Daniel William Fisher bought 9,000 shares of Ball stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $40.10 per share, with a total value of $360,900.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 47,677 shares of company stock valued at $1,867,290. 2.70% of the stock is currently owned by corporate insiders.
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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.
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