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 year. 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 twelve-month target prices for Berry Global Group's stock. Their BERY share price forecasts range from $60.00 to $81.00. On average, they predict the company's stock price to reach $71.75 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
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Berry Global Group's stock was trading at $60.43 at the start of the year. Since then, BERY shares have decreased by 5.3% and is now trading at $57.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Berry Global Group, Inc. (NYSE:BERY) issued its quarterly earnings data on Thursday, February, 2nd. The industrial products company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. The industrial products company earned $3.06 billion during the quarter, compared to analyst estimates of $3.34 billion. Berry Global Group had a net margin of 5.37% and a trailing twelve-month return on equity of 30.05%. Berry Global Group's revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS.

Berry Global Group announced a quarterly dividend on Tuesday, January 31st. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.25 per share on Wednesday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, February 28th.
Read our dividend analysis for BERY.

ETFs with the largest weight of Berry Global Group (NYSE:BERY) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), Burney U.S. Factor Rotation ETF (BRNY), VanEck Future of Food ETF (YUMY), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), WisdomTree U.S. Value Fund (WTV), Vanguard Materials Index Fund (VAW) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).

Berry Global Group (NYSE:BERY) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.78%. The dividend payout ratio is 17.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BERY will have a dividend payout ratio of 12.08% 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 updated its FY 2023 earnings guidance on Friday, February, 3rd. The company provided earnings per share guidance of $7.30-$7.80 for the period, compared to the consensus earnings per share estimate of $7.52. 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 retail and institutional investors. Top institutional investors include EdgePoint Investment Group Inc. (11.46%), Fuller & Thaler Asset Management Inc. (3.74%), LSV Asset Management (3.58%), Macquarie Group Ltd. (2.10%), Eminence Capital LP (1.95%) and Alliancebernstein L.P. (1.80%). 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 $57.21.

Berry Global Group (NYSE:BERY) has a market capitalization of $6.95 billion and generates $14.50 billion in revenue each year. The industrial products company earns $766 million in net income (profit) each year or $5.78 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.