Financial Health Report: Berry Global Group Inc (BERY)’s Ratios Tell a Tale

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Berry Global Group Inc (NYSE: BERY) closed the day trading at $59.83 down -0.47% from the previous closing price of $60.11. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 0.92 million shares were traded. BERY stock price reached its highest trading level at $60.61 during the session, while it also had its lowest trading level at $59.49.

Ratios:

For a better understanding of BERY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.51. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 2.84 whereas as Long-Term Debt/Eq ratio is at 2.80.

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, Robert W. Baird on April 16, 2024, Downgraded its rating to Neutral and sets its target price to $65 from $68 previously.

On March 27, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $75 to $68.

RBC Capital Mkts Downgraded its Outperform to Sector Perform on March 15, 2024, whereas the target price for the stock was revised from $72 to $62.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 ’24 when Miles Mark W sold 1,118 shares for $60.29 per share. The transaction valued at 67,404 led to the insider holds 119,384 shares of the business.

Miles Mark W sold 84,000 shares of BERY for $5,038,320 on May 14 ’24. The Chief Financial Officer now owns 118,954 shares after completing the transaction at $59.98 per share. On Feb 24 ’24, another insider, Steele Robert Allan, who serves as the Director of the company, sold 14,000 shares for $58.93 each. As a result, the insider received 825,020 and left with 4,728 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 6844552192 and an Enterprise Value of 15985552384. As of this moment, Berry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.22, and their Forward P/E ratio for the next fiscal year is 7.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 1.305 whereas that against EBITDA is 8.219.

Stock Price History:

The Beta on a monthly basis for BERY is 1.18, which has changed by 0.0161345 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, BERY has reached a high of $69.93, while it has fallen to a 52-week low of $53.92. The 50-Day Moving Average of the stock is 1.70%, while the 200-Day Moving Average is calculated to be -2.75%.

Shares Statistics:

Over the past 3-months, BERY traded about 1.11M shares per day on average, while over the past 10 days, BERY traded about 1218860 shares per day. A total of 115.50M shares are outstanding, with a floating share count of 114.02M. Insiders hold about 0.33% of the company’s shares, while institutions hold 96.33% stake in the company. Shares short for BERY as of 1714435200 were 4071371 with a Short Ratio of 3.67, compared to 1711584000 on 4175089. Therefore, it implies a Short% of Shares Outstanding of 4071371 and a Short% of Float of 4.6.

Dividends & Splits

BERY’s forward annual dividend rate is 1.05, up from 1.05 a year ago. Against a Trailing Annual Dividend Yield of 0.017467974

Earnings Estimates

The current market rating for Berry Global Group Inc (BERY) reflects the collective analysis of 11.0 analysts closely monitoring its performance.On average, analysts expect EPS of $2.06 for the current quarter, with a high estimate of $2.17 and a low estimate of $1.96, while EPS last year was $1.9. The consensus estimate for the next quarter is $2.25, with high estimates of $2.32 and low estimates of $2.16.

Analysts are recommending an EPS of between $7.55 and $7.35 for the fiscal current year, implying an average EPS of $7.48. EPS for the following year is $8.21, with 12.0 analysts recommending between $8.51 and $8.0.

Revenue Estimates

For the next quarter, 9 analysts are estimating revenue of $3.17B. There is a high estimate of $3.34B for the next quarter, whereas the lowest estimate is $3.08B.

A total of 12 analysts have provided revenue estimates for BERY’s current fiscal year. The highest revenue estimate was $12.67B, while the lowest revenue estimate was $12.25B, resulting in an average revenue estimate of $12.38B. In the same quarter a year ago, actual revenue was $12.66BBased on 12 analysts’ estimates, the company’s revenue will be $12.63B in the next fiscal year. The high estimate is $13.07B and the low estimate is $12.4B.

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