Berry Global Group (NYSE:BERY) Issues FY25 Earnings Guidance

Berry Global Group (NYSE:BERY) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.10-6.60 for the period, compared to the consensus estimate of $6.26. Berry Global Group also updated its FY 2025 guidance to 6.100-6.600 EPS.

Berry Global Group Stock Performance

NYSE:BERY traded up $3.51 during mid-day trading on Tuesday, hitting $70.34. 2,563,423 shares of the company’s stock traded hands, compared to its average volume of 1,229,330. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The firm has a 50 day moving average of $67.47 and a two-hundred day moving average of $67.12. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. Berry Global Group has a 12 month low of $54.06 and a 12 month high of $73.31.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 4.21% and a return on equity of 26.32%. Berry Global Group’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. On average, equities analysts forecast that Berry Global Group will post 6.31 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Monday, March 3rd. Berry Global Group’s dividend payout ratio is currently 28.25%.

Wall Street Analysts Forecast Growth

BERY has been the topic of several research reports. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. UBS Group lowered their price objective on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada raised their target price on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. Barclays lifted their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Citigroup restated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Berry Global Group presently has a consensus rating of “Hold” and an average target price of $73.30.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.