Ball (NYSE:BALL) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Ball (NYSE:BALL) issued its quarterly earnings results on Tuesday. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07, Zacks reports. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. Ball updated its FY 2025 guidance to 3.520-3.610 EPS.

Ball Stock Performance

Shares of Ball stock opened at $50.72 on Thursday. The stock has a market cap of $14.32 billion, a PE ratio of 4.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. Ball has a 12 month low of $43.51 and a 12 month high of $70.97. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $50.25 and a 200-day simple moving average of $54.52.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.58%. Ball’s dividend payout ratio is currently 6.32%.

Institutional Investors Weigh In On Ball

An institutional investor recently raised its position in Ball stock. Brighton Jones LLC lifted its stake in Ball Co. (NYSE:BALL) by 41.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,245 shares of the company’s stock after purchasing an additional 1,531 shares during the quarter. Brighton Jones LLC’s holdings in Ball were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 86.51% of the company’s stock.

Ball announced that its board has initiated a share buyback plan on Wednesday, January 29th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the company to buy up to 24.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

BALL has been the topic of a number of research reports. Barclays reduced their price target on shares of Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Truist Financial dropped their price objective on shares of Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Mizuho reduced their target price on shares of Ball from $63.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Morgan Stanley dropped their price target on shares of Ball from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird reduced their price objective on Ball from $70.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.70.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.