Wall Street brokerages predict that Berry Global Group Inc (NYSE:BERY) will report sales of $1.97 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Berry Global Group’s earnings. The lowest sales estimate is $1.92 billion and the highest is $2.06 billion. Berry Global Group posted sales of $1.81 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 8.8%. The business is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Berry Global Group will report full-year sales of $1.97 billion for the current year, with estimates ranging from $7.58 billion to $8.05 billion. For the next fiscal year, analysts expect that the business will post sales of $7.96 billion per share, with estimates ranging from $7.65 billion to $8.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Berry Global Group.
Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS.
Shares of NYSE:BERY traded up $0.77 on Wednesday, hitting $54.81. 715,825 shares of the company’s stock were exchanged, compared to its average volume of 1,052,840. The stock has a market cap of $7,191.07, a P/E ratio of 16.81, a P/E/G ratio of 0.72 and a beta of 1.04. Berry Global Group has a 1-year low of $47.24 and a 1-year high of $61.71. The company has a debt-to-equity ratio of 4.69, a quick ratio of 0.96 and a current ratio of 1.72.
In related news, Director Paula A. Sneed acquired 1,000 shares of Berry Global Group stock in a transaction on Monday, March 5th. The stock was purchased at an average cost of $53.63 per share, with a total value of $53,630.00. Following the purchase, the director now directly owns 1,050 shares in the company, valued at $56,311.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Berry Global Group during the 4th quarter valued at approximately $557,000. Gotham Asset Management LLC purchased a new position in shares of Berry Global Group during the 4th quarter worth approximately $5,078,000. Sterling Capital Management LLC raised its stake in shares of Berry Global Group by 123.7% during the 4th quarter. Sterling Capital Management LLC now owns 82,555 shares of the industrial products company’s stock worth $4,844,000 after buying an additional 45,654 shares in the last quarter. University of Notre Dame DU Lac raised its stake in shares of Berry Global Group by 49.5% during the 4th quarter. University of Notre Dame DU Lac now owns 122,097 shares of the industrial products company’s stock worth $7,163,000 after buying an additional 40,425 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its stake in shares of Berry Global Group by 3.2% during the 4th quarter. Stanley Laman Group Ltd. now owns 79,914 shares of the industrial products company’s stock worth $4,689,000 after buying an additional 2,479 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “$1.97 Billion in Sales Expected for Berry Global Group Inc (BERY) This Quarter” was originally reported by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.wkrb13.com/2018/03/31/1-97-billion-in-sales-expected-for-berry-global-group-inc-bery-this-quarter.html.
About Berry Global Group
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.