Berry (BRY) Set to Announce Quarterly Earnings on Wednesday

Berry (NASDAQ:BRY) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Berry to post earnings of $0.16 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Berry (NASDAQ:BRY) last posted its quarterly earnings data on Wednesday, March 6th. The energy company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.12). Berry had a net margin of 4.14% and a return on equity of 5.27%. The company had revenue of $216.40 million for the quarter, compared to analysts’ expectations of $190.28 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. On average, analysts expect Berry to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Berry Trading Up 1.5 %

BRY stock opened at $8.68 on Wednesday. Berry has a 1-year low of $6.22 and a 1-year high of $8.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $667.84 million, a price-to-earnings ratio of 18.87 and a beta of 1.80. The business has a 50 day simple moving average of $7.69 and a two-hundred day simple moving average of $7.37.

Berry Increases Dividend

The business also recently declared a None dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 15th were issued a dividend of $0.26 per share. This represents a yield of 6.7%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Berry’s previous None dividend of $0.21. Berry’s dividend payout ratio is presently 104.35%.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Berry from a “c” rating to a “b-” rating in a research report on Friday, March 8th.

Berry Company Profile

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.