In today’s recent session, 3.31 million shares of the Berry Global Group Inc (NYSE:BERY) have been traded, and its beta is 1.12. Most recently the company’s share price was $69.60, and it changed around $2.55 or 3.80% from the last close, which brings the market valuation of the company to $8.01B. BERY at last check was trading at a discount to its 52-week high of $68.59, offering almost 1.45% off that amount. The share price’s 52-week low was $49.63, which indicates that the recent value has risen by an impressive 28.69% since then. We note from Berry Global Group Inc’s average daily trading volume that its 10-day average is 1.01 million shares, with the 3-month average coming to 814.01K.
Berry Global Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 9 recommended BERY as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Berry Global Group Inc is expected to report earnings per share of 1.47 for the current quarter.
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Berry Global Group Inc (NYSE:BERY) trade information
Instantly BERY has been showing a green trend so far today with a performance of 3.80% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 71.85 on recent trading dayincreased the stock’s daily price by 3.13%. The company’s shares are currently up 12.50% year-to-date, but still up 2.52% over the last five days. On the other hand, Berry Global Group Inc (NYSE:BERY) is 9.29% up in the 30-day period. We can see from the shorts that 4.35 million shares have been sold at a short interest cover period of 6.07 day(s).
The consensus price target as assigned by Wall Street analysts is $72, which translates to bulls needing to increase their stock price by 3.33% from its current value. Analyst projections state that BERY is forecast to be at a low of $62 and a high of $84.
Berry Global Group Inc (BERY) estimates and forecasts
Berry Global Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 25.48 percent over the past six months and at a 2.43% annual growth rate that is well above the industry average of -0.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 20.60% in revenue this quarter, and will report an increase of 7.27% in the next quarter. The year-over-year growth rate is expected to be 2.07%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 2.91B in revenue for the current quarter. 5 analysts expect Berry Global Group Inc to make 3.15B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.85B and 3.08B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.84%. Forecasts for the next quarter put sales growth at 2.35%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.18%. Berry Global Group Inc earnings are expected to increase by -1.58% in 2024, but the outlook is positive 7.43% per year for the next five years.
BERY Dividends
Berry Global Group Inc’s next quarterly earnings report is expected to be released on 2024-Nov-20. The annual dividend yield of the stock is 1.58 percent and its annual dividend per share was 1.10. It is important to note, however, that the 1.58% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Berry Global Group Inc (NYSE:BERY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.22% of Berry Global Group Inc shares, and 101.18% of them are in the hands of institutional investors. The stock currently has a share float of 101.41%. Berry Global Group Inc stock is held by 535.0 institutions, with EDGEPOINT INVESTMENT GROUP INC. being the largest institutional investor. By 2024-06-30, it held 12.9264% of the shares, which is about 14.94 million shares worth $879.39 million.
VANGUARD GROUP INC, with 11.7651% or 13.6 million shares worth $800.39 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
