Berry Global Group (NYSE:BERY) Releases Earnings Results, Beats Estimates By $0.09 EPS

Berry Global Group (NYSE:BERY) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09, Zacks reports. 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 analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the business earned $1.22 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Berry Global Group updated its FY 2025 guidance to 6.100-6.600 EPS and its FY25 guidance to $6.10-6.60 EPS.

Berry Global Group Stock Performance

Shares of BERY opened at $71.37 on Thursday. The stock has a market capitalization of $8.26 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.45 and a beta of 1.15. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31. The company’s fifty day moving average is $67.46 and its two-hundred day moving average is $67.20. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25.

Berry Global Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on BERY. Citigroup reaffirmed a “neutral” rating and set a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. StockNews.com started coverage on shares of Berry Global Group in a report on Wednesday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. UBS Group cut their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Royal Bank of Canada boosted their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.30.

Berry Global Group Company Profile

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.