Zacks Research Has Bullish Forecast for Ball FY2024 Earnings

Ball Co. (NYSE:BALL) – Investment analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of Ball in a research note issued on Wednesday, December 11th. Zacks Research analyst M. Das now anticipates that the company will post earnings of $3.15 per share for the year, up from their prior estimate of $3.14. The consensus estimate for Ball’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Ball’s Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.53 EPS, Q2 2026 earnings at $0.97 EPS and FY2026 earnings at $3.94 EPS.

Several other equities analysts have also recently commented on the company. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Mizuho upgraded Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday. Wells Fargo & Company reduced their target price on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Ball in a research note on Monday, November 4th. Finally, Citigroup increased their target price on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.75.

Ball Stock Up 0.4 %

NYSE BALL opened at $58.24 on Friday. The stock has a market cap of $17.38 billion, a PE ratio of 4.39, a P/E/G ratio of 1.44 and a beta of 0.91. Ball has a fifty-two week low of $54.06 and a fifty-two week high of $71.32. The business has a 50 day moving average price of $62.05 and a two-hundred day moving average price of $63.37. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. Ball’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio is currently 6.03%.

Institutional Investors Weigh In On Ball

Several large investors have recently added to or reduced their stakes in BALL. Peterson Financial Group Inc. acquired a new stake in Ball in the third quarter worth $30,000. Catalyst Capital Advisors LLC acquired a new stake in Ball in the third quarter worth $47,000. Quarry LP increased its position in Ball by 598.6% in the second quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after buying an additional 856 shares during the period. Brooklyn Investment Group acquired a new stake in Ball in the third quarter worth $66,000. Finally, EverSource Wealth Advisors LLC increased its position in Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after buying an additional 815 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

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.