Ball Corporation (BLL) Releases Earnings Results, Beats Expectations By $0.06 EPS

Ball Corporation (BLL) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.99. The company posted revenue of $2030.00 million in the period, compared to analysts expectations of $2175.76 million. The company’s revenue was down -6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on Ball Corporation. Ball Corporation was Resumed by Citigroup to “Neutral” on Jul 29, 2016. Barclays Resumed Ball Corporation on Jul 14, 2016 to “Equal Weight”, Price Target of the shares are set at $75.BofA/Merrill Resumed Ball Corporation on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $80.

Ball Corporation closed down -0.65 points or -0.92% at $70.05 with 12,53,641 shares getting traded on Tusday. Post opening the session at $70.47, the shares hit an intraday low of $69.82 and an intraday high of $70.75 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Investors should note that on Jul 27, 2016, Ball Corporation announced a cash dividend of $0.1300. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

In a different news, on May 12, 2016, James N Peterson (SVP & COO Global MF & HHP Pkg) sold 2,000 shares at $72.55 per share price. According to the SEC, on May 9, 2016, Hanno C Fiedler (Director) purchased 7,000 shares at $71.77 per share price. On May 3, 2016, Robert D Strain (Sr. VP BallCorp & Pres. BATC) purchased 200 shares at $71.36 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.