Berry Global Group (NYSE:BERY) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Berry Global Group (NYSE:BERY) announced its earnings results on Tuesday. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09, Zacks reports. Berry Global Group had a return on equity of 26.32% and a net margin of 4.21%. Berry Global Group updated its FY 2025 guidance to 6.100-6.600 EPS.

Berry Global Group Trading Up 3.9 %

Shares of Berry Global Group stock traded up $2.64 during trading on Tuesday, hitting $69.47. 1,134,818 shares of the company were exchanged, compared to its average volume of 1,162,726. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The firm has a market capitalization of $8.04 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. The firm’s fifty day moving average price is $67.47 and its 200 day moving average price is $67.12. Berry Global Group has a 1-year low of $54.06 and a 1-year high of $73.31.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is currently 28.25%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. UBS Group decreased their price target on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Royal Bank of Canada upped their price objective on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. Finally, Truist Financial lifted their target price on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.30.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.