Ball Corporation (BLL) Releases Earnings Results, Misses Expectations By $-0.10 EPS

Ball Corporation (BLL) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.59 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $0.69. The company posted revenue of $1756.00 million in the period, compared to analysts expectations of $1881.80 million. The company’s revenue was down -8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Ball Corporation. JP Morgan Upgraded Ball Corporation on Mar 31, 2016 to ” Overweight”, Price Target of the shares are set at $79.

Ball Corporation closed down -0.2 points or -0.27% at $74.86 with 17,53,683 shares getting traded on Wednesday. Post opening the session at $75.2, the shares hit an intraday low of $74.32 and an intraday high of $75.23 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 16, 2016, R David Hoover (director) sold 8,000 shares at $68.46 per share price. According to the SEC, on Feb 18, 2016, Robert D Strain (Sr. VP BallCorp & Pres. BATC) sold 1,500 shares at $66.93 per share price. On Nov 12, 2015, Lisa Ann Pauley (SR VP, HR & Administration) sold 8,571 shares at $66.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Ball Corporation (Ball) is a supplier of metal packaging to the beverage food personal care and household products industries. The Company operates in four segments. The metal beverage packaging Americas and Asia segment consists of operations in the United States Canada Brazil and the PRC which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging Europe segment consists of operations in Europe which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States Europe Canada Mexico and Argentina that manufacture and sell metal food aerosol paint general line and extruded aluminum containers decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense civil space and commercial space industries.

Ball Corporation

Leave a Reply

Ball Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ball Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.