Brokers Offer Predictions for BERY FY2027 Earnings

Berry Global Group, Inc. (NYSE:BERY) – Equities research analysts at Zacks Research issued their FY2027 earnings estimates for Berry Global Group in a research note issued on Tuesday, December 10th. Zacks Research analyst S. Roy forecasts that the industrial products company will post earnings per share of $7.34 for the year. The consensus estimate for Berry Global Group’s current full-year earnings is $6.75 per share.

Several other research firms have also issued reports on BERY. Truist Financial restated a “hold” rating and set a $72.00 price target (down from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. UBS Group cut Berry Global Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $82.00 to $75.00 in a report on Friday, November 22nd. Barclays lifted their price target on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.73.

Berry Global Group Price Performance

Shares of Berry Global Group stock opened at $69.45 on Wednesday. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a fifty day moving average of $68.93 and a 200-day moving average of $65.36. Berry Global Group has a 52-week low of $54.06 and a 52-week high of $73.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.31 per share. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, December 2nd. Berry Global Group’s payout ratio is presently 28.25%.

Insiders Place Their Bets

In related 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 directly owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Berry Global Group

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its position in Berry Global Group by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 313,329 shares of the industrial products company’s stock valued at $21,711,000 after acquiring an additional 3,744 shares during the period. Tidal Investments LLC boosted its position in shares of Berry Global Group by 71.0% in the 3rd quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company’s stock worth $2,129,000 after purchasing an additional 13,004 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Berry Global Group in the 3rd quarter worth approximately $463,000. Sanctuary Advisors LLC bought a new position in Berry Global Group during the 3rd quarter valued at approximately $389,000. Finally, Hohimer Wealth Management LLC bought a new stake in Berry Global Group in the third quarter worth $367,000. Institutional investors own 95.36% 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.