Berry Global Group Inc (NYSE: BERY) closed the day trading at $58.21 up 1.04% from the previous closing price of $57.61. In other words, the price has increased by $+0.88 from its previous closing price. On the day, 1000444 shares were traded.
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 13.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.87. 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.
Truist Upgraded its Hold to Buy on May 24, 2023, whereas the target price for the stock was revised from $69 to $73.
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 Feb 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. The Director now owns 5,728 shares after completing the transaction at $58.49 per share. On Feb 09, 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 6.75B and an Enterprise Value of 15.51B. As of this moment, Berry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.53, and their Forward P/E ratio for the next fiscal year is 6.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 1.24 whereas that against EBITDA is 8.53.
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 64.24, while the 200-Day Moving Average is calculated to be 62.53.
Shares Statistics:
Over the past 3-months, BERY traded about 1.04M shares per day on average, while over the past 10 days, BERY traded about 1M shares per day. 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 96.64% stake in the company. Shares short for BERY as of Feb 15, 2024 were 3.44M with a Short Ratio of 3.31, compared to 2.66M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.97% and a Short% of Float of 3.85%.
Dividends & Splits
BERY’s forward annual dividend rate is 1.30, up from 1.02 a year ago. Against a Trailing Annual Dividend Yield of 1.79%, it implies a Forward Annual Dividend Yield of 1.89%.
Earnings Estimates
Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $1.91 for the current quarter, with a high estimate of $1.97 and a low estimate of $1.65, while EPS last year was $1.96. The consensus estimate for the next quarter is $2.15, with high estimates of $2.41 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 $7.5. EPS for the following year is $8.36, with 10 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 $12.95B, while the lowest revenue estimate was $12.25B, resulting in an average revenue estimate of $12.47B. In the same quarter a year ago, actual revenue was $12.66B, down -1.50% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $12.73B in the next fiscal year. The high estimate is $13.31B 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.
