Ball Corporation (NYSE:BLL) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.77 per share.
Looking ahead, the full year income are expected at $ 2.77 per share on the revenues of $ 11482.80 million.
Previous Quarter Performance
Ball Corporation posted income for the second quarter of $ 0.65 per share, from the revenue of $ 2,801.00 million. The quarterly earnings 1.56 percent while revenues fell 7.16 percent compared with the same quarter last year.
Street analysts expected Ball Corporation to report income of $ 0.56 per share on revenue of $ 2860.73 million for the second quarter. The bottom line results beat street analysts by $ 0.09 or 16.07 percent, at the same time, top line results fell short of analysts by $ 59.73 million or 2.09 percent.
Stock Performance
Shares of Ball Corporation traded up $ 0.36 or 0.38 percent on Wednesday, reaching $ 94.11 with volume of 2.17 million shares. Ball Corporation has traded high as $ 97.03 and has cracked $ 93.36 on the downward trend
The closing price of $ 94.11, representing a 82.89 % increase from the 52 week low of $ 51.26 and a 3.38 % decrease over the 52 week high of $ 97.03.
The company has a market capital of $ 30.73 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Seaport Global Securities at Neutral rating.
- On 8th October 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating.
- On 16th September 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 80.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on July 29, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Ball Corporation will be hosting a conference call at 1:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ball.com
Ball Corporation supplies metal packaging products to the beverage, personal care, and household products industries. It operates in four segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; and Aerospace. The Beverage Packaging, North and Central America segment manufactures and sells metal beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
