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

Berry Global Group (NYSE:BERY) issued an update on its FY25 earnings guidance on Tuesday morning. 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 Price Performance

Shares of NYSE BERY traded up $3.21 during midday trading on Tuesday, hitting $70.04. The stock had a trading volume of 2,135,372 shares, compared to its average volume of 1,211,716. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $8.10 billion, a PE ratio of 15.95, a P/E/G ratio of 1.45 and a beta of 1.15. The stock has a 50 day simple moving average of $67.47 and a 200-day simple moving average of $67.12.

Berry Global Group (NYSE:BERY) last posted its earnings results 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 company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Berry Global Group had a return on equity of 26.32% and a net margin of 4.21%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share. On average, sell-side analysts expect that Berry Global Group will post 6.31 EPS for the current fiscal year.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. Berry Global Group’s payout ratio is presently 28.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BERY shares. UBS Group dropped their price objective on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. StockNews.com assumed coverage on Berry Global Group in a report on Tuesday, January 28th. They issued a “buy” rating for the company. Barclays lifted their target price on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Truist Financial lifted their price target on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Finally, Citigroup reaffirmed a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.