Berry Global Group (NYSE:BERY) Updates FY 2025 Earnings Guidance

Berry Global Group (NYSE:BERY) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 6.100-6.600 for the period, compared to the consensus estimate of 6.260. The company issued revenue guidance of -. Berry Global Group also updated its FY25 guidance to $6.10-6.60 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BERY shares. StockNews.com began coverage on shares of Berry Global Group in a research note on Wednesday. They issued a “buy” rating for the company. Royal Bank of Canada raised their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday, November 21st. Citigroup reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. Barclays lifted their target price on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, UBS Group cut their price target on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Stock Up 1.2 %

BERY stock opened at $71.37 on Thursday. The company’s 50 day moving average is $67.46 and its two-hundred day moving average is $67.20. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $73.31. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The stock has a market cap of $8.26 billion, a P/E ratio of 16.26, a PEG ratio of 1.45 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. Berry Global Group had a net margin of 4.21% and a return on equity of 26.32%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the business earned $1.22 EPS. Berry Global Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts expect that Berry Global Group will post 6.31 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. Berry Global Group’s dividend payout ratio (DPR) is presently 28.25%.

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.