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

Berry Global Group (NYSE:BERY) released its earnings results on Tuesday. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Berry Global Group updated its FY 2025 guidance to 6.100-6.600 EPS.

Berry Global Group Price Performance

Shares of BERY traded up $2.64 during mid-day trading on Tuesday, reaching $69.47. The company had a trading volume of 1,134,818 shares, 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 company has a market capitalization of $8.04 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.45 and a beta of 1.15. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $73.31. The company’s 50-day moving average is $67.47 and its 200-day moving average is $67.12.

Berry Global Group Announces Dividend

The business also recently disclosed 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 is Monday, March 3rd. Berry Global Group’s payout ratio is 28.25%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Citigroup restated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Royal Bank of Canada upped their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. Finally, StockNews.com assumed coverage on shares of Berry Global Group in a research report on Tuesday, January 28th. They issued a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.