Berry Global Group (NYSE:BERY) Issues FY25 Earnings Guidance

Berry Global Group (NYSE:BERY) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.10-6.60 for the period, compared to the consensus earnings per share estimate of $6.26. Berry Global Group also updated its FY 2025 guidance to 6.100-6.600 EPS.

Berry Global Group Trading Up 0.1 %

Shares of NYSE:BERY opened at $70.60 on Thursday. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 16.30, a PEG 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 has a 50 day moving average price of $67.46 and a 200 day moving average price of $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 (NYSE:BERY) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a return on equity of 26.32% and a net margin of 4.21%. Berry Global Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. On average, research analysts anticipate that Berry Global Group will post 6.31 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group’s payout ratio is presently 28.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup reissued a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. Truist Financial raised 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. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. StockNews.com started coverage on shares of Berry Global Group in a research note on Wednesday. They issued a “buy” rating on the stock. Finally, UBS Group dropped their price objective on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.