Berry Global Group (NYSE:BERY) Issues Earnings Results

Berry Global Group (NYSE:BERY) posted its earnings results on Friday. The industrial products company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.37, MarketWatch Earnings reports. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Berry Global Group had a net margin of 3.86% and a return on equity of 28.90%. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 EPS.

NYSE BERY opened at $49.99 on Friday. The company has a debt-to-equity ratio of 6.69, a current ratio of 1.84 and a quick ratio of 1.22. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The firm’s fifty day moving average price is $44.86 and its 200 day moving average price is $41.07. Berry Global Group has a 12 month low of $25.00 and a 12 month high of $49.16.

A number of equities research analysts recently commented on BERY shares. Jefferies Financial Group started coverage on shares of Berry Global Group in a report on Monday, July 13th. They issued a “buy” rating and a $57.00 price target on the stock. Royal Bank of Canada boosted their price objective on Berry Global Group from $38.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Credit Suisse Group reiterated a “buy” rating and set a $62.00 target price on shares of Berry Global Group in a research report on Thursday, May 7th. Morgan Stanley lifted their target price on shares of Berry Global Group from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Finally, TheStreet raised shares of Berry Global Group from a “c+” rating to a “b-” rating in a report on Monday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.77.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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Earnings History for Berry Global Group (NYSE:BERY)

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