S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Berry Global Group, Inc. (NYSE:BERY) Expected to Announce Quarterly Sales of $3.37 Billion

Last updated on Monday, January 3, 2022 | 2022 MarketBeat

Equities research analysts expect Berry Global Group, Inc. (NYSE:BERY) to announce $3.37 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Berry Global Group's earnings. The lowest sales estimate is $2.94 billion and the highest is $3.70 billion. Berry Global Group reported sales of $3.14 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings results on Friday, February 4th.

On average, analysts expect that Berry Global Group will report full-year sales of $14.46 billion for the current financial year, with estimates ranging from $13.81 billion to $15.16 billion. For the next year, analysts expect that the firm will post sales of $14.56 billion, with estimates ranging from $13.81 billion to $15.43 billion. Zacks Investment Research's sales calculations are an average based on a survey of research analysts that that provide coverage for Berry Global Group.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Thursday, November 18th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.53 by $0.02. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.46 billion. Berry Global Group had a return on equity of 30.09% and a net margin of 5.29%. The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS.

A number of research analysts recently issued reports on the company. Mizuho assumed coverage on Berry Global Group in a research note on Tuesday, October 12th. They set a "neutral" rating and a $70.00 price objective for the company. Raymond James assumed coverage on Berry Global Group in a research note on Wednesday, November 24th. They set a "market perform" rating for the company. Seaport Res Ptn reiterated a "buy" rating on shares of Berry Global Group in a research note on Wednesday, October 20th. Wells Fargo & Company dropped their price target on Berry Global Group from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, October 14th. Finally, Truist began coverage on Berry Global Group in a research note on Monday, September 13th. They issued a "positive" rating and a $85.00 price target for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $79.00.

Berry Global Group stock opened at $73.78 on Monday. The business has a 50-day simple moving average of $69.01 and a two-hundred day simple moving average of $65.94. The company has a market cap of $10.00 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.95 and a beta of 1.31. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 2.97. Berry Global Group has a 52-week low of $48.65 and a 52-week high of $74.54.

In other news, President Curt Begle sold 14,000 shares of the company's stock in a transaction that occurred on Tuesday, December 7th. The stock was sold at an average price of $71.99, for a total transaction of $1,007,860.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 42,000 shares of company stock worth $2,995,580 over the last ninety days. Insiders own 2.40% of the company's stock.

A number of large investors have recently added to or reduced their stakes in BERY. Advisor Group Holdings Inc. grew its position in Berry Global Group by 4.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 23,915 shares of the industrial products company's stock valued at $1,562,000 after acquiring an additional 1,093 shares during the last quarter. US Bancorp DE grew its position in Berry Global Group by 19.6% in the 2nd quarter. US Bancorp DE now owns 9,407 shares of the industrial products company's stock valued at $613,000 after acquiring an additional 1,543 shares during the last quarter. American Century Companies Inc. grew its position in Berry Global Group by 22.7% in the 2nd quarter. American Century Companies Inc. now owns 7,279 shares of the industrial products company's stock valued at $475,000 after acquiring an additional 1,349 shares during the last quarter. Sei Investments Co. grew its position in Berry Global Group by 37.7% in the 2nd quarter. Sei Investments Co. now owns 88,323 shares of the industrial products company's stock valued at $5,821,000 after acquiring an additional 24,196 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in Berry Global Group in the 2nd quarter valued at $476,000. Institutional investors own 96.08% of the company's stock.

Berry Global Group Company Profile

Berry Global Group, Inc engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials and Health, Hygiene & Specialties.

See Also: Equal Weight Rating

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

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