Berry Global Group (NYSE:BERY) Issues FY25 Earnings Guidance

Berry Global Group (NYSE:BERY) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $6.10-6.60 for the period, compared to the consensus EPS estimate of $6.26. Berry Global Group also updated its FY 2025 guidance to 6.100-6.600 EPS.

Berry Global Group Stock Performance

Shares of NYSE:BERY traded up $3.21 during midday trading on Tuesday, reaching $70.04. 2,135,372 shares of the company’s stock traded hands, compared to its average volume of 1,211,716. Berry Global Group has a one year low of $54.06 and a one year high of $73.31. The stock has a 50 day moving average of $67.47 and a 200 day moving average of $67.12. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.45 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Berry Global Group had a return on equity of 26.32% and a net margin of 4.21%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. Berry Global Group’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Berry Global Group will post 6.31 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Monday, March 3rd. Berry Global Group’s dividend payout ratio is 28.25%.

Analyst Upgrades and Downgrades

BERY has been the topic of several analyst reports. UBS Group cut their target price on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Truist Financial boosted their price objective on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a report on Monday, January 6th. Barclays boosted their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Finally, Royal Bank of Canada boosted their price objective on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Berry Global Group presently has a consensus rating of “Hold” and a consensus price target of $73.30.

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.