Stock Earnings under Consideration: Ball Corporation (NYSE:BLL)
Aug 09 2016 by Desiree Burns
On Friday Citigroup maintained its target price on Ball Corporation (NYSE:BLL) shares issuing the company with a "Neutral" rating. The 52 week high shares of Ball Corporation have reached is 79.44 whilst the 52 week low for the company's shares is 57.95. Jefferies Group analyst A. Crowdell now anticipates that the firm will post earnings per share of $1.70 for the quarter, down from their previous estimate of $2.05.
In a recent research note, the analysts at Jefferies made a big move by adding Ball Corp. Stock's minimum price target estimates has been figured out at $75.00 while the maximum price target forecast is established at $86.00.
Over the last twelve months shares in Ball Corporation have increased by 16.11% from 67.74 to 78.65. The 50 day moving average of NYSE:BLL is 71.2 and the 200 day moving average is 70.45. The stock was sold at an average price of $72.56, for a total value of $145,120.00.
Shares of Ball were down in late afternoon trading on Wednesday.
JP Morgan issued their verdict on Ball Corporation (NYSE:BLL) recently. The company has a market cap of $11.22 billion and a price-to-earnings ratio of 84.74. The insider owns 118,033 shares which have current market value of around $9266771.NICHOLSON JAN is another major inside shareholder in the company. Zacks Investment Research cut Ball Corp. from a "buy" rating to a "hold" rating in a research report on Monday, May 2nd. Finally, TheStreet cut Ball Corp. from a "buy" rating to a "hold" rating in a research report on Thursday, April 28th. The median 12-month price target of 7 analysts covering the company is $82.00, which suggests the stock could still gain more than 4 percent.
Entergy Corp. (NYSE:ETR) last posted its earnings results on Tuesday, August 2nd.
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Ball Corporation (BLL) last announced its earnings results on April 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.76B. Operating income decreased 39% in the second quarter of 2016 to $19 million, inclusive of a $23 million impairment related to the liquidation of Sports Authority, compared with $32 million in the prior year's period. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Revenue for the same quarter is predicted to arrive at $2.17B.
Comparable earnings per diluted share for the second quarter and year-to-date 2016 were $1.05 and $1.63, respectively, versus second quarter and year-to-date 2015 comparable earnings per diluted share of 89 cents and $1.57, respectively.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.66%. The dividend payable date has been fixed on Sep 15, 2016.
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries.
In June, the company started up the second beverage can line at its Monterrey, Mexico, facility, as well as production at its new facility in Myanmar.