Q3 2024 Earnings Estimate for Ball Co. (NYSE:BALL) Issued By Zacks Research

Ball Co. (NYSE:BALL) – Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of Ball in a note issued to investors on Tuesday, September 17th. Zacks Research analyst M. Das now anticipates that the company will post earnings of $0.87 per share for the quarter, up from their previous forecast of $0.86. The consensus estimate for Ball’s current full-year earnings is $3.12 per share. Zacks Research also issued estimates for Ball’s FY2024 earnings at $3.11 EPS, Q1 2025 earnings at $0.74 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.49 EPS, Q1 2026 earnings at $0.86 EPS and FY2026 earnings at $3.89 EPS.

BALL has been the topic of a number of other reports. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Wells Fargo & Company decreased their price objective on Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Truist Financial reiterated a “buy” rating and issued a $78.00 price target (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Finally, Royal Bank of Canada dropped their price objective on Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.83.

Ball Stock Down 1.0 %

Shares of NYSE:BALL opened at $66.52 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The firm has a market cap of $20.65 billion, a P/E ratio of 5.01, a P/E/G ratio of 1.64 and a beta of 0.88. Ball has a 12 month low of $42.81 and a 12 month high of $71.32. The company’s 50-day moving average price is $63.46 and its two-hundred day moving average price is $65.11.

Ball (NYSE:BALL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis.

Institutional Investors Weigh In On Ball

Several large investors have recently bought and sold shares of BALL. Federated Hermes Inc. grew its holdings in shares of Ball by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock valued at $1,137,000 after buying an additional 162 shares during the period. Fifth Third Bancorp grew its position in shares of Ball by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock valued at $525,000 after purchasing an additional 174 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Ball by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 34,206 shares of the company’s stock valued at $2,304,000 after buying an additional 175 shares during the period. SYSTM Wealth Solutions LLC increased its position in shares of Ball by 0.7% during the first quarter. SYSTM Wealth Solutions LLC now owns 26,470 shares of the company’s stock worth $1,783,000 after acquiring an additional 179 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings in shares of Ball by 17.0% during the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after acquiring an additional 186 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, September 3rd. Ball’s payout ratio is 6.02%.

About Ball

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.