Ball Co. (BALL) to Issue Quarterly Dividend of $0.20 on December 16th

Ball Co. (NYSE:BALL) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.20 per share on Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%.

Ball has raised its dividend by an average of 10.1% per year over the last three years. Ball has a payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ball to earn $3.55 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 22.5%.

Ball Stock Down 1.3 %

Shares of NYSE BALL opened at $64.60 on Friday. The business has a 50-day moving average of $65.31 and a 200-day moving average of $65.17. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.63 and a beta of 0.88. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. Ball has a 12 month low of $45.41 and a 12 month high of $71.32.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Sell-side analysts expect that Ball will post 3.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial restated a “buy” rating and set a $78.00 price target (up previously from $76.00) on shares of Ball in a research report on Friday, August 2nd. Royal Bank of Canada dropped their target price on Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Robert W. Baird upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, August 14th. Finally, Wells Fargo & Company increased their target price on shares of Ball from $61.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.08.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.