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NYSE:BERY

Berry Global Group (BERY) Stock Price, News & Analysis

$59.24
-0.18 (-0.30%)
(As of 05/28/2024 ET)
Today's Range
$59.15
$59.94
50-Day Range
$55.92
$61.25
52-Week Range
$53.92
$69.93
Volume
767,211 shs
Average Volume
1.11 million shs
Market Capitalization
$6.78 billion
P/E Ratio
14.07
Dividend Yield
1.86%
Price Target
$72.60

Berry Global Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
22.6% Upside
$72.60 Price Target
Short Interest
Bearish
4.88% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.74
Upright™ Environmental Score
News Sentiment
0.86mentions of Berry Global Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth
10.65%
From $7.42 to $8.21 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Industrial Products Sector

20th out of 166 stocks

Plastics Products, Not Elsewhere Classified Industry

1st out of 10 stocks

BERY stock logo

About Berry Global Group Stock (NYSE:BERY)

Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components. The Consumer Packaging North America segment provides containers and pails, foodservice products, closures, bottles and prescription vials, and tubes. The Engineered Materials segment offers stretch and shrink, converter, food and consumer, and agriculture films, as well as institutional can liners and retail bags. The Health, Hygiene & Specialties segment provides healthcare, hygiene, specialties, and tapes. Berry Global Group, Inc. sells its products through direct sales force of professionals and distributors. The company was formerly known as Berry Plastics Group, Inc. and changed its name to Berry Global Group, Inc. in April 2017. Berry Global Group, Inc. was founded in 1967 and is based in Evansville, Indiana.

BERY Stock Price History

BERY Stock News Headlines

Construction Partners: Fiscal Q2 Earnings Snapshot
Q1 2024 Glatfelter Corp Earnings Call
Q2 2024 Berry Global Group Inc Earnings Call
Berry Global Group Q2 Profit Declines
Berry Announces Second Quarter 2024 Results
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
5/09/2024
Today
5/28/2024
Ex-Dividend for 6/17 Dividend
6/03/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Plastics products, not elsewhere classified
Sub-Industry
Metal & Glass Containers
CUSIP
08579W10
Employees
44,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$72.60
High Stock Price Target
$89.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+22.6%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$609 million
Pretax Margin
4.79%

Debt

Sales & Book Value

Annual Sales
$12.25 billion
Cash Flow
$14.63 per share
Book Value
$27.23 per share

Miscellaneous

Free Float
109,824,000
Market Cap
$6.78 billion
Optionable
Optionable
Beta
1.24
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BERY Stock Analysis - Frequently Asked Questions

Should I buy or sell Berry Global Group stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last twelve months. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BERY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BERY, but not buy additional shares or sell existing shares.
View BERY analyst ratings
or view top-rated stocks.

What is Berry Global Group's stock price target for 2024?

11 brokers have issued 1 year price targets for Berry Global Group's shares. Their BERY share price targets range from $62.00 to $89.00. On average, they expect the company's share price to reach $72.60 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts price targets for BERY
or view top-rated stocks among Wall Street analysts.

How have BERY shares performed in 2024?

Berry Global Group's stock was trading at $67.39 on January 1st, 2024. Since then, BERY stock has decreased by 12.1% and is now trading at $59.24.
View the best growth stocks for 2024 here
.

Are investors shorting Berry Global Group?

Berry Global Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,560,000 shares, an increase of 36.6% from the April 30th total of 4,070,000 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 5.1 days. Approximately 4.9% of the shares of the company are sold short.
View Berry Global Group's Short Interest
.

When is Berry Global Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our BERY earnings forecast
.

How were Berry Global Group's earnings last quarter?

Berry Global Group, Inc. (NYSE:BERY) announced its quarterly earnings data on Thursday, May, 9th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.90 by $0.05. The industrial products company had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.16 billion. Berry Global Group had a trailing twelve-month return on equity of 26.55% and a net margin of 4.12%. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS.

How often does Berry Global Group pay dividends? What is the dividend yield for Berry Global Group?

Berry Global Group declared a quarterly dividend on Tuesday, May 7th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.275 per share on Monday, June 17th. This represents a $1.10 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, June 3rd.
Read our dividend analysis for BERY
.

Is Berry Global Group a good dividend stock?

Berry Global Group (NYSE:BERY) pays an annual dividend of $1.10 per share and currently has a dividend yield of 1.85%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BERY will have a dividend payout ratio of 13.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BERY.

What guidance has Berry Global Group issued on next quarter's earnings?

Berry Global Group issued an update on its FY 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of 7.350-7.850 for the period, compared to the consensus EPS estimate of 7.480. The company issued revenue guidance of -.

What is Tom Salmon's approval rating as Berry Global Group's CEO?

107 employees have rated Berry Global Group Chief Executive Officer Tom Salmon on Glassdoor.com. Tom Salmon has an approval rating of 74% among the company's employees.

What other stocks do shareholders of Berry Global Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Berry Global Group investors own include NVIDIA (NVDA), Walt Disney (DIS), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Home Depot (HD), Procter & Gamble (PG), Bristol-Myers Squibb (BMY), CVS Health (CVS) and Alibaba Group (BABA).

Who are Berry Global Group's major shareholders?

Berry Global Group's stock is owned by many different institutional and retail investors. Top institutional investors include EdgePoint Investment Group Inc. (11.84%), Vanguard Group Inc. (11.16%), LSV Asset Management (3.72%), Ancora Advisors LLC (1.49%), Khrom Capital Management LLC (0.94%) and William Blair Investment Management LLC (0.54%). Insiders that own company stock include Carl J Rickertsen, Carl J Rickertsen, Curt Begle, Evan Bayh, James Till, Jason K Greene, Jonathan F Foster, Mark W Miles, Michael Edward Hill, Peter T Thomas, Tom Salmon and William J Norman.
View institutional ownership trends
.

How do I buy shares of Berry Global Group?

Shares of BERY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BERY) was last updated on 5/28/2024 by MarketBeat.com Staff

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