Berry Global Group (NYSE:BERY) Issues FY 2025 Earnings Guidance

Berry Global Group (NYSE:BERY) updated 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 -.

Berry Global Group Stock Performance

Berry Global Group stock traded up $2.42 during midday trading on Tuesday, hitting $69.47. 3,158,731 shares of the company were exchanged, compared to its average volume of 994,916. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $72.47. The firm has a market capitalization of $7.96 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. The business has a fifty day simple moving average of $67.90 and a two-hundred day simple moving average of $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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.31 per share. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.78%. The ex-dividend date is Monday, December 2nd. Berry Global Group’s payout ratio is 23.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BERY shares. Morgan Stanley assumed coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price objective for the company. Truist Financial raised their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and a consensus price target of $71.22.

Insider Activity at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the transaction, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by insiders.

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.