Berry Global Group - BERY Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BERY shares.
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9 Wall Street analysts have issued 1 year price objectives for Berry Global Group's stock. Their BERY share price forecasts range from $60.00 to $75.00. On average, they expect the company's share price to reach $68.50 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
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Berry Global Group's stock was trading at $60.43 at the beginning of the year. Since then, BERY stock has decreased by 0.9% and is now trading at $59.88.
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Berry Global Group saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 2,450,000 shares, an increase of 7.0% from the December 15th total of 2,290,000 shares. Based on an average daily trading volume, of 940,700 shares, the short-interest ratio is presently 2.6 days. Approximately 2.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Berry Global Group will be holding an earnings conference call on Thursday, February 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Berry Global Group, Inc. (NYSE:BERY) announced its quarterly earnings data on Tuesday, November, 15th. The industrial products company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. The industrial products company earned $3.42 billion during the quarter, compared to analysts' expectations of $3.68 billion. Berry Global Group had a net margin of 5.28% and a trailing twelve-month return on equity of 30.32%.

Berry Global Group announced a quarterly dividend on Tuesday, November 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.25 per share on Thursday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for BERY.

Berry Global Group (NYSE:BERY) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.69%. The dividend payout ratio is 17.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BERY will have a dividend payout ratio of 12.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BERY.

Berry Global Group issued an update on its FY 2023 earnings guidance on Thursday, December, 15th. The company provided EPS guidance of $7.30-$7.80 for the period, compared to the consensus estimate of $7.80. The company issued revenue guidance of -.

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.

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).

Berry Global Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BERY."

Berry Global Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.98%), Fifth Third Bancorp (0.60%), Assenagon Asset Management S.A. (0.26%), National Bank of Canada FI (0.09%), Wedge Capital Management L L P NC (0.09%) and Thompson Investment Management Inc. (0.05%). Insiders that own company stock include Carl J Rickertsen, Curt Begle, Jason K Greene, Mark W Miles, Michael Edward Hill, Tom Salmon and William J Norman.
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Shares of BERY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BERY stock can currently be purchased for approximately $59.88.

Berry Global Group (NYSE:BERY) has a market capitalization of $7.29 billion and generates $14.50 billion in revenue each year. The industrial products company earns $766 million in net income (profit) each year or $5.80 on an earnings per share basis.

The company employs 46,000 workers across the globe.

Berry Global Group's mailing address is 101 OAKLEY STREET PO BOX 959, EVANSVILLE IN, 47710. The official website for the company is www.berryglobal.com. The industrial products company can be reached via phone at (812) 424-2904, via email at ir@berryglobal.com, or via fax at 812-424-0128.