Ball (BALL) Expected to Announce Quarterly Earnings on Tuesday

Ball (NYSE:BALL - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $2.91 billion for the quarter.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. The company's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. On average, analysts expect Ball to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ball Stock Down 1.5 %

BALL stock traded down $0.76 during trading on Thursday, hitting $51.18. 2,345,295 shares of the company's stock traded hands, compared to its average volume of 2,114,829. The business has a fifty day simple moving average of $50.29 and a two-hundred day simple moving average of $55.05. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $14.45 billion, a P/E ratio of 4.04, a PEG ratio of 1.24 and a beta of 1.01. Ball has a 1 year low of $43.51 and a 1 year high of $70.97.

Ball announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 29th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the company to buy up to 24.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, June 2nd. Ball's dividend payout ratio (DPR) is currently 6.32%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ball stock. Brighton Jones LLC raised its holdings in shares of Ball Co. (NYSE:BALL - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,245 shares of the company's stock after purchasing an additional 1,531 shares during the period. Brighton Jones LLC's holdings in Ball were worth $289,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 86.51% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BALL shares. Barclays decreased their target price on shares of Ball from $72.00 to $61.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Citigroup lowered their price target on Ball from $69.00 to $59.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $49.00 target price (down from $56.00) on shares of Ball in a research note on Thursday, January 16th. Robert W. Baird dropped their price target on shares of Ball from $70.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada dropped their price target on Ball from $75.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ball currently has an average rating of "Moderate Buy" and an average price target of $60.80.

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.