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 -.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BERY. Morgan Stanley assumed coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. Truist Financial lifted their target price on 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, StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.22.

Berry Global Group Stock Up 3.6 %

NYSE BERY traded up $2.42 during trading hours on Tuesday, hitting $69.47. 3,158,731 shares of the company traded hands, compared to its average volume of 994,916. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.10 and a beta of 1.14. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $72.47. The business’s 50-day moving average is $67.90 and its 200-day moving average is $64.13. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82.

Berry Global Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This is an increase 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 1.78%. Berry Global Group’s payout ratio is presently 23.50%.

Insiders Place Their Bets

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the sale, the director now owns 30,228 shares in the company, valued at $2,119,889.64. This trade represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.00% of the company’s stock.

About Berry Global Group

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.