Ball Co. (NYSE:BALL) to Issue $0.20 Quarterly Dividend

Ball Co. (NYSE:BALL) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Investors of record on Monday, December 2nd will be given a dividend of 0.20 per share on Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%.

Ball has increased its dividend by an average of 10.1% annually over the last three years. Ball has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ball to earn $3.55 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 22.5%.

Ball Stock Performance

Shares of NYSE:BALL opened at $65.48 on Thursday. The stock has a market capitalization of $20.32 billion, a P/E ratio of 4.93, a P/E/G ratio of 1.63 and a beta of 0.88. Ball has a 1-year low of $43.29 and a 1-year high of $71.32. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $65.31 and a two-hundred day moving average price of $65.17.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the company earned $0.61 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts predict that Ball will post 3.12 earnings per share for the current year.

Wall Street Analyst Weigh In

BALL has been the topic of a number of analyst reports. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their price objective on Ball from $77.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and issued a $78.00 price objective (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, Wells Fargo & Company increased their target price on Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $71.08.

About Ball

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.