Berry Global Group - BERY Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BERY shares.
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10 Wall Street analysts have issued 1-year target prices for Berry Global Group's stock. Their BERY share price forecasts range from $55.00 to $75.00. On average, they predict the company's share price to reach $67.17 in the next year. This suggests a possible upside of 9.5% from the stock's current price.
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Berry Global Group's stock was trading at $73.78 at the start of the year. Since then, BERY stock has decreased by 16.9% and is now trading at $61.32.
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Berry Global Group saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,790,000 shares, a drop of 10.5% from the October 31st total of 2,000,000 shares. Based on an average daily volume of 880,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.4% of the company's stock are sold short.
View Berry Global Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our BERY earnings forecast.

Berry Global Group, Inc. (NYSE:BERY) released its quarterly earnings data on Thursday, November, 18th. The industrial products company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. The industrial products company earned $3.67 billion during the quarter, compared to analyst estimates of $3.46 billion. Berry Global Group had a net margin of 5.28% and a trailing twelve-month return on equity of 30.32%. The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 earnings per share.

Berry Global Group announced a quarterly dividend on Tuesday, November 15th. Stockholders 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 dividend on an annualized basis and a yield of 1.63%. 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 1.64%. 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 updated its FY23 earnings guidance on Tuesday, November, 15th. The company provided EPS guidance of $7.30-$7.80 for the period, compared to the consensus earnings per share estimate of $7.90.

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 shareholders include EdgePoint Investment Group Inc. (10.28%), Vanguard Group Inc. (8.51%), Turtle Creek Asset Management Inc. (4.82%), BlackRock Inc. (3.72%), LSV Asset Management (3.34%) and Massachusetts Financial Services Co. MA (2.57%). 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 $61.32.

Berry Global Group (NYSE:BERY) has a market capitalization of $7.61 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.