NYSE:BERY - Berry Global Group Stock Price, News, & Analysis

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$55.58 -0.06 (-0.11 %)
(As of 03/19/2019 06:00 AM ET)
Previous Close$55.64
Today's Range$55.18 - $55.87
52-Week Range$40.50 - $57.00
Volume809,138 shs
Average Volume1.83 million shs
Market Capitalization$7.24 billion
P/E Ratio16.03
Dividend YieldN/A
Beta1.01
Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films. The Health, Hygiene & Specialties segment provides medical garment materials, surgical drapes, household cleaning wipes, and face masks for infection prevention; components for baby diapers and other absorbent hygiene products, elastic films and laminates, and substrates for dryer sheets; and products and components of products for corrosion protection, cable wrap, geosynthetics, and specialty filtration products. The Consumer Packaging segment offers containers for branded and private label customers; lightweight polypropylene cups and lids for hot and cold beverages; child-resistant, continuous-thread, and tamper closures, as well as aerosol overcaps; bottles and prescription vials; and extruded and laminate tubes. The company primarily serves household, healthcare, personal care, food and beverage, and industrial markets through direct sales force and distributors in North America, South America, Europe, and Asia. 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 headquartered in Evansville, Indiana.

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Industry, Sector and Symbol

Industry Plastics products, not elsewhere classified
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
CUSIP08579W10
Phone812-424-2904

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.87 billion
Cash Flow$7.5312 per share
Book Value$10.88 per share

Profitability

Net Income$496 million

Miscellaneous

Employees24,000
Market Cap$7.24 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

Berry Global Group (NYSE:BERY) Frequently Asked Questions

What is Berry Global Group's stock symbol?

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

How were Berry Global Group's earnings last quarter?

Berry Global Group Inc (NYSE:BERY) announced its earnings results on Friday, February, 1st. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. The industrial products company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.93 billion. Berry Global Group had a return on equity of 33.85% and a net margin of 5.22%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. View Berry Global Group's Earnings History.

When is Berry Global Group's next earnings date?

Berry Global Group is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Berry Global Group.

What price target have analysts set for BERY?

10 Wall Street analysts have issued 1-year price objectives for Berry Global Group's stock. Their predictions range from $53.00 to $71.00. On average, they expect Berry Global Group's stock price to reach $63.3750 in the next year. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Price Targets for Berry Global Group.

What is the consensus analysts' recommendation for Berry Global Group?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Berry Global Group.

What are Wall Street analysts saying about Berry Global Group stock?

Here are some recent quotes from research analysts about Berry Global Group stock:
  • 1. According to Zacks Investment Research, "Over the past three months, Berry Global's shares have outperformed the industry. We believe that the company is well positioned to gain from the product portfolio, innovation investments, capacity expansion, buyouts and rewards to shareholders. In the first quarter of fiscal 2019, the company's earnings increased 14.9% year over year on the back of sales growth in Consumer Packaging; Health, Hygiene & Specialties; and Engineered Materials as well as gains from acquired assets. For fiscal 2019, the company anticipates cash flow from operations of $1,036 million and adjusted free cash flow of $670 million versus the respective year-ago numbers of $1,004 million and $382 million. However, escalating cost of goods sold on account of inflation in raw material prices and forex woes have been major concerns. Also, the company's attempts to make acquisitions and deploy capital for investments are adding to the aggregate debt level." (2/5/2019)
  • 2. Cfra analysts commented, "We forecast 11% sales growth in fiscal year 2018 (Sep.) and mid-single digit growth in fiscal year 2019. Clopay, which was acquired in February 2018, is driving strong growth in the Health, Hygiene & Specialties segment." (9/6/2018)
  • 3. KeyCorp analysts commented, "We think BERY’s adj. free cash flow might be no better than flat next year (in FY19)." (8/3/2018)

Has Berry Global Group been receiving favorable news coverage?

Press coverage about BERY stock has trended somewhat negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Berry Global Group earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Berry Global Group?

Berry Global Group saw a increase in short interest in February. As of February 28th, there was short interest totalling 3,343,819 shares, an increase of 70.9% from the February 15th total of 1,956,138 shares. Based on an average daily trading volume, of 1,300,425 shares, the short-interest ratio is currently 2.6 days. Approximately 2.6% of the shares of the company are short sold. View Berry Global Group's Current Options Chain.

Who are some of Berry Global Group's key competitors?

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 Alibaba Group (BABA), Visa (V), General Electric (GE), Home Depot (HD), Cisco Systems (CSCO), Procter & Gamble (PG), Weyerhaeuser (WY), UnitedHealth Group (UNH), American Airlines Group (AAL) and Walt Disney (DIS).

Who are Berry Global Group's key executives?

Berry Global Group's management team includes the folowing people:
  • Mr. Thomas E. Salmon, CEO & Chairman (Age 56)
  • Mr. Mark W. Miles, CFO & Treasurer (Age 48)
  • Mr. Curtis L. Begle, Pres of Health, Hygiene & Specialties (Age 44)
  • Mr. Jean-Marc Galvez, Pres of Consumer Packaging Division (Age 52)
  • Mr. Rodgers Greenawalt, Exec. VP of Operations

Who are Berry Global Group's major shareholders?

Berry Global Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Canyon Capital Advisors LLC (6.67%), BlackRock Inc. (4.30%), Massachusetts Financial Services Co. MA (3.18%), Macquarie Group Ltd. (1.94%), Anchor Bolt Capital LP (1.72%) and Bank of Montreal Can (1.70%). Company insiders that own Berry Global Group stock include Carl J Rickertsen, Curt Begle, Evan Bayh, Jason K Greene, Mark W Miles and Paula A Sneed. View Institutional Ownership Trends for Berry Global Group.

Which major investors are selling Berry Global Group stock?

BERY stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Meghalaya Partners L.P., Park West Asset Management LLC, Boston Partners, 22NW LP, Prudential PLC, Frontier Capital Management Co. LLC and FMR LLC. View Insider Buying and Selling for Berry Global Group.

Which major investors are buying Berry Global Group stock?

BERY stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Anchor Bolt Capital LP, Millennium Management LLC, Massachusetts Financial Services Co. MA, Dimensional Fund Advisors LP, Epoch Investment Partners Inc., Two Sigma Advisers LP and Teacher Retirement System of Texas. View Insider Buying and Selling for Berry Global Group.

How do I buy shares of Berry Global Group?

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

What is Berry Global Group's stock price today?

One share of BERY stock can currently be purchased for approximately $55.58.

How big of a company is Berry Global Group?

Berry Global Group has a market capitalization of $7.24 billion and generates $7.87 billion in revenue each year. The industrial products company earns $496 million in net income (profit) each year or $3.37 on an earnings per share basis. Berry Global Group employs 24,000 workers across the globe.

What is Berry Global Group's official website?

The official website for Berry Global Group is http://www.berryglobal.com.

How can I contact Berry Global Group?

Berry Global Group's mailing address is 101 OAKLEY STREET, EVANSVILLE IN, 47710. The industrial products company can be reached via phone at 812-424-2904 or via email at [email protected]


MarketBeat Community Rating for Berry Global Group (NYSE BERY)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  417 (Vote Outperform)
Underperform Votes:  301 (Vote Underperform)
Total Votes:  718
MarketBeat's community ratings are surveys of what our community members think about Berry Global Group and other stocks. Vote "Outperform" if you believe BERY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BERY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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