Ball (BALL) Set to Announce Quarterly Earnings on Thursday

Ball (NYSE:BALL) will be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ball Price Performance

NYSE BALL opened at $63.25 on Wednesday. The business’s fifty day moving average price is $63.84 and its 200-day moving average price is $63.93. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 4.76, a PEG ratio of 1.74 and a beta of 0.85. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.21 and a quick ratio of 0.93. Ball has a 1-year low of $42.81 and a 1-year high of $71.32.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Ball’s payout ratio is 6.02%.

Ball declared that its board has authorized a stock repurchase plan on Wednesday, April 24th that permits the company to buyback 40,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

BALL has been the topic of a number of recent research reports. Robert W. Baird raised their target price on Ball from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Truist Financial raised Ball from a “hold” rating to a “buy” rating and raised their target price for the stock from $67.00 to $76.00 in a report on Tuesday, June 25th. Citigroup decreased their target price on Ball from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, July 8th. JPMorgan Chase & Co. raised their target price on Ball from $59.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, UBS Group decreased their target price on Ball from $57.00 to $56.00 and set a “sell” rating on the stock in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.08.

Insider Activity

In other news, Director Pedro Henrique Mariani sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $69.90, for a total transaction of $349,500.00. Following the completion of the transaction, the director now owns 9,844 shares in the company, valued at $688,095.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.