KeyCorp Comments on Berry Global Group Inc’s Q1 2019 Earnings (BERY)

Berry Global Group Inc (NYSE:BERY) – Equities research analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for Berry Global Group in a research note issued to investors on Thursday, November 15th. KeyCorp analyst A. Josephson anticipates that the industrial products company will post earnings of $0.71 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Berry Global Group’s Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $0.95 EPS, FY2019 earnings at $3.61 EPS and FY2020 earnings at $3.69 EPS.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Thursday, November 15th. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.02. Berry Global Group had a net margin of 6.30% and a return on equity of 35.87%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion.

Other equities research analysts have also recently issued research reports about the stock. Cfra reaffirmed a “buy” rating and issued a $57.00 price target on shares of Berry Global Group in a research report on Thursday, September 6th. Zacks Investment Research raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. TheStreet cut shares of Berry Global Group from a “b” rating to a “c+” rating in a research report on Monday, October 29th. ValuEngine cut shares of Berry Global Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Finally, Citigroup increased their target price on shares of Berry Global Group from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $64.80.

Shares of BERY opened at $50.06 on Monday. Berry Global Group has a fifty-two week low of $40.50 and a fifty-two week high of $61.71. The company has a market capitalization of $6.60 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The company has a debt-to-equity ratio of 4.41, a current ratio of 2.01 and a quick ratio of 1.19.

A number of large investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. lifted its position in Berry Global Group by 5.6% during the second quarter. First Republic Investment Management Inc. now owns 24,033 shares of the industrial products company’s stock valued at $1,104,000 after acquiring an additional 1,282 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Berry Global Group by 61.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,400 shares of the industrial products company’s stock worth $165,000 after buying an additional 1,300 shares during the last quarter. Tdam USA Inc. raised its holdings in shares of Berry Global Group by 4.5% in the third quarter. Tdam USA Inc. now owns 30,467 shares of the industrial products company’s stock worth $1,474,000 after buying an additional 1,311 shares during the last quarter. US Bancorp DE raised its holdings in shares of Berry Global Group by 6.8% in the second quarter. US Bancorp DE now owns 22,939 shares of the industrial products company’s stock worth $1,054,000 after buying an additional 1,462 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in shares of Berry Global Group by 18.5% in the third quarter. Alps Advisors Inc. now owns 9,670 shares of the industrial products company’s stock worth $468,000 after buying an additional 1,513 shares during the last quarter. 93.35% of the stock is owned by institutional investors.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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Earnings History and Estimates for Berry Global Group (NYSE:BERY)

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