Berry Global Group (NYSE:BERY) Releases FY 2025 Earnings Guidance

Berry Global Group (NYSE:BERY) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.100-6.600 for the period, compared to the consensus earnings per share estimate of 8.180. The company issued revenue guidance of -.

Berry Global Group Trading Up 3.5 %

Shares of NYSE:BERY traded up $2.34 during trading on Tuesday, reaching $69.39. The stock had a trading volume of 2,753,038 shares, compared to its average volume of 993,105. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $71.85. The business has a fifty day moving average price of $67.90 and a 200-day moving average price of $64.13. The stock has a market cap of $7.95 billion, a P/E ratio of 14.33, a PEG ratio of 1.10 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.

Berry Global Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. Berry Global Group’s dividend payout ratio (DPR) is 23.50%.

Analyst Ratings Changes

BERY has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial boosted their price objective on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley started coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Berry Global Group presently has an average rating of “Hold” and a consensus price target of $71.22.

Insider Buying and Selling at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.00% of the company’s stock.

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.