After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Berry Global Group, Inc. to Release First Fiscal Quarter 2024 Results on February 7, 2024.
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Stocks Info
Berry Global Group Inc is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Packaging & Containers industry. At the end of the last regular session, the stock closed at $65.50 and fluctuated between $65.99 as its day high and $64.97 as its day low. The current market capitalization of Berry Global Group Inc is $7.59B. A total of 0.58 million shares were traded on the day, compared to an average of 838.61K shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BERY has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 14,000 and the disposition of 14,000 shares. Over the last 12 months, there were 13 BUYs and 13 SELLs from insiders. Insiders purchased 277,893 shares during that period but sold 222,018.
In the most recent transaction, Till James sold 11,903 shares of BERY for 65.32 per share on Dec 05. After the transaction, the Controller now owns 0 company shares. In a previous transaction on Dec 04, Miles Mark W sold 40,000 shares at 66.29 per share. BERY shares that Chief Financial Officer owns now total 84,502.
Among the insiders who sold shares, Till James disposed of 20,097 shares on Dec 04 at a per-share price of $66.81. This resulted in the Controller holding 0 shares of BERY after the transaction. In another insider transaction, RICKERTSEN CARL J sold 18,951 shares at $64.96 per share on Nov 29. Company shares held by the Director now total 2,758.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Berry Global Group Inc pays an annual dividend of $0.77, resulting in a dividend yield of 1.18%, and it has a price to earnings (P/E) ratio of 13.11. BERY’s most recent ex-dividend date was 11/30/2023 when it declared a $0.2750 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The BERY stock dividend was $0.25 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BERY in the last 3 months, the mean price target is $77.54 with high estimates of $89.00 and low estimates of $67.00. In terms of 52-week highs and lows, BERY has a high of $69.93 and a low of $53.83.
As of this writing, BERY has an earnings estimate of $1.29 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.37 per share and a lower estimate of $1.05. The company reported an EPS of $1.9 in the last quarter, which was -4.00% lower than expectations of $1.98.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BERY’s latest balance sheet shows that the firm has $1.09B in Cash & Short Term Investments as of fiscal 2021. There were $9.93B in debt and $3.19B in liabilities at the time. Its Book Value Per Share was $27.84, while its Total Shareholder’s Equity was $3.18B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BERY is Buy with a score of 4.30.
