Berry Global Group Inc (NYSE: BERY) Could Achieve Gains In The Near Future

After Hours

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. Yahoo Finance discussed the stock recently as it posted Berry Global Unveils New Circular Stretch Film Innovation and Training Center in Tulsa, Oklahoma.

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Stocks Info

Berry Global Group Inc is listed on the NYSE in the Consumer Cyclical sector while operating in the Packaging & Containers industry. At the end of the last regular session, the stock closed at $59.03 and fluctuated between $60.50 as its day high and $58.64 as its day low. The current market capitalization of Berry Global Group Inc is $6.84B. A total of 2.39 million shares were traded on the day, compared to an average of 1.05M shares.

In the most recent transaction, Steele Robert Allan sold 14,000 shares of BERY for 58.93 per share on Feb 24 ’24. After the transaction, the Director now owns 4,728 company shares. In a previous transaction on Feb 12 ’24, FOSTER JONATHAN F bought 1,000 shares at 58.49 per share. BERY shares that Director owns now total 5,728.

Among the insiders who bought shares, Kwilinski Kevin J. acquired of 2,000 shares on Feb 09 ’24 at a per-share price of $57.44. This resulted in the Chief Executive Officer holding 2,000 shares of BERY after the transaction. In another insider transaction, Bayh Evan bought 1,000 shares at $57.83 per share on Feb 09 ’24. Company shares held by the Director now total 30,228.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Berry Global Group Inc pays an annual dividend of $1.05, resulting in a dividend yield of 1.78%, and it has a price to earnings (P/E) ratio of 12.70. BERY’s most recent ex-dividend date was 2/29/2024 when it declared a $0.2750 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The BERY stock dividend was $0.2750 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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 $1.92 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.01 per share and a lower estimate of $1.65. The company reported an EPS of $2.28 in the last quarter, which was 6.50% higher than expectations of $2.14.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $28.69, while its Total Shareholder’s Equity was $3.18B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 4.18.

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