The price of Berry Global Group Inc (NYSE: BERY) closed at $58.77 in the last session, down -0.14% from day before closing price of $58.85. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 1069604 shares were traded.
Ratios:
We take a closer look at BERY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 2.82 whereas as Long-Term Debt/Eq ratio is at 2.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on March 15, 2024, Downgraded its rating to Sector Perform and sets its target price to $62 from $72 previously.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 24 ’24 when Steele Robert Allan sold 14,000 shares for $58.93 per share. The transaction valued at 825,020 led to the insider holds 4,728 shares of the business.
FOSTER JONATHAN F bought 1,000 shares of BERY for $58,490 on Feb 12 ’24. The Director now owns 5,728 shares after completing the transaction at $58.49 per share. On Feb 09 ’24, another insider, Kwilinski Kevin J., who serves as the Chief Executive Officer of the company, bought 2,000 shares for $57.44 each. As a result, the insider paid 114,880 and bolstered with 2,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BERY now has a Market Capitalization of 6.81B and an Enterprise Value of 15.57B. As of this moment, Berry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.65, and their Forward P/E ratio for the next fiscal year is 7.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 1.25 whereas that against EBITDA is 8.57.
Stock Price History:
Over the past 52 weeks, BERY has reached a high of $69.93, while it has fallen to a 52-week low of $53.83. The 50-Day Moving Average of the stock is 61.80, while the 200-Day Moving Average is calculated to be 62.60.
Shares Statistics:
According to the various share statistics, BERY traded on average about 1.18M shares per day over the past 3-months and 1.8M shares per day over the past 10 days. A total of 115.90M shares are outstanding, with a floating share count of 115.53M. Insiders hold about 0.32% of the company’s shares, while institutions hold 96.66% stake in the company. Shares short for BERY as of Feb 29, 2024 were 3.9M with a Short Ratio of 3.30, compared to 2.61M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.36% and a Short% of Float of 4.35%.
Dividends & Splits
The forward annual dividend rate for BERY is 1.05, which was 1.02 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.74%, it implies a Forward Annual Dividend Yield of 1.87%.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.93 for the current quarter, with a high estimate of $2.01 and a low estimate of $1.8, while EPS last year was $1.96. The consensus estimate for the next quarter is $2.13, with high estimates of $2.27 and low estimates of $2.02.
Analysts are recommending an EPS of between $7.68 and $7.35 for the fiscal current year, implying an average EPS of $7.51. EPS for the following year is $8.35, with 11 analysts recommending between $8.65 and $8.
Revenue Estimates
A total of 10 analysts have provided revenue estimates for BERY’s current fiscal year. The highest revenue estimate was $12.72B, while the lowest revenue estimate was $12.25B, resulting in an average revenue estimate of $12.45B. In the same quarter a year ago, actual revenue was $12.66B, down -1.70% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $12.71B in the next fiscal year. The high estimate is $13.08B and the low estimate is $12.5B. The average revenue growth estimate for next year is up 2.10% from the average revenue estimate for this year.
