Berry Global Group Inc (BERY): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Berry Global Group, Inc. to Release Second Fiscal Quarter 2024 Results on May 9, 2024.

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Stocks Info

This NYSE-listed company operates within the Packaging & Containers industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Berry Global Group Inc is $6.82B. A total of 0.74 million shares were traded on the day, compared to an average of 1.25M 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Berry Global Group Inc pays an annual dividend of $1.05, resulting in a dividend yield of 1.79%, and it has a price to earnings (P/E) ratio of 12.66. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important 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 $1.97 per share and a lower estimate of $1.8. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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 3.91.

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