Berry Plastics Group Inc (BERY) Releases Earnings Results, Beats Expectations By $0.02 EPS

Berry Plastics Group Inc (BERY) announced its most recent quarterly financial results on Tuesday, Nov-29-2016. BERY said it had a profit of $0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.59. The company posted revenue of $1618.00 million in the period, compared to analysts expectations of $1616.30 million. BERY’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Berry Plastics Group Inc. Jefferies Initiated Berry Plastics Group Inc on Oct 13, 2016 to “Buy”, Price Target of the shares are set at $52.JP Morgan Initiated Berry Plastics Group Inc on Sep 13, 2016 to “Overweight”, Price Target of the shares are set at $54.

Berry Plastics Group Inc closed down -0.01 points or -0.02% at $46.33 with 5,35,403 shares getting traded on Friday. Post opening the session at $46.41, the shares hit an intraday low of $45.86 and an intraday high of $46.445 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 24, 2016, Curt Begle (President) sold 20,000 shares at $44.02 per share price. According to the SEC, on May 25, 2016, Jason K. Greene (EVP – Chief Legal Officer) sold 6,314 shares at $39.02 per share price. On May 25, 2016, Mark W Miles (Chief Financial Officer) sold 10,000 shares at $38.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Berry Plastics Group Inc. is engaged in providing plastic consumer packaging and engineered materials. The Company’s products include drink cups thin-wall containers bottles specialty closures prescription vials specialty films adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top which sells primarily containers foodservice items closures overcaps bottles prescription containers and tubes; Engineered Materials which sells pipeline corrosion protection solutions tapes and adhesives PE (polyethylene)-based film products and can liners; and Flexible Packaging which sells high barrier multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets such as food and beverage healthcare and personal care.

Berry Plastics Group Inc

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