The closing price of Berry Global Group Inc. (NYSE: BERY) was $54.17 for the day, down -0.88% from the previous closing price of $54.65. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 1184644 shares were traded. BERY stock price reached its highest trading level at $55.08 during the session, while it also had its lowest trading level at $53.96.
Our analysis of BERY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 3.06 whereas as Long-Term Debt/Eq ratio is at 3.05.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 26 when Hill Michael Edward sold 1,000 shares for $47.17 per share. The transaction valued at 47,170 led to the insider holds 0 shares of the business.
Salmon Tom sold 24,207 shares of BERY for $387,312 on Aug 26. The Chief Executive Officer now owns 66,193 shares after completing the transaction at $16.00 per share. On Dec 29, another insider, Begle Curt, who serves as the President of the company, sold 14,000 shares for $73.99 each. As a result, the insider received 1,035,860 and left with 28,500 shares of the company.
As of this moment, Berry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.34, and their Forward P/E ratio for the next fiscal year is 6.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 2.24.
Stock Price History:
Over the past 52 weeks, BERY has reached a high of $74.73, while it has fallen to a 52-week low of $44.52. The 50-Day Moving Average of the stock is 49.07, while the 200-Day Moving Average is calculated to be 55.17.
BERY traded an average of 867.60K shares per day over the past three months and 1.12M shares per day over the past ten days. A total of 128.60M shares are outstanding, with a floating share count of 124.89M. Insiders hold about 0.10% of the company’s shares, while institutions hold 96.70% stake in the company. Shares short for BERY as of Oct 13, 2022 were 1.74M with a Short Ratio of 2.00M, compared to 1.72M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.39% and a Short% of Float of 1.59%.
The firm’s stock currently is rated by 18 analysts. On average, analysts expect EPS of $2.13 for the current quarter, with a high estimate of $2.23 and a low estimate of $1.59, while EPS last year was $1.55. The consensus estimate for the next quarter is $1.61, with high estimates of $1.79 and low estimates of $1.21.
Analysts are recommending an EPS of between $7.4 and $7.22 for the fiscal current year, implying an average EPS of $7.35. EPS for the following year is $7.8, with 19 analysts recommending between $8.5 and $6.15.
It is expected that $90B in revenue will be generated in the current quarter, according to 14 analysts. It ranges from a high estimate of $3.97B to a low estimate of $3.36B. As of the current estimate, Berry Global Group Inc.’s year-ago sales were $3.67B, an estimated decrease of -0.50% from the year-ago figure.
A total of 17 analysts have provided revenue estimates for BERY’s current fiscal year. The highest revenue estimate was $15.15B, while the lowest revenue estimate was $14.44B, resulting in an average revenue estimate of $14.75B. In the same quarter a year ago, actual revenue was $13.85B, up 6.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $14.46B in the next fiscal year. The high estimate is $15.52B and the low estimate is $12.54B. The average revenue growth estimate for next year is down -2.00% from the average revenue estimate for this year.