Ball Co. (NYSE:BALL) Plans Quarterly Dividend of $0.20

Ball Co. (NYSE:BALL) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.20 per share on Monday, December 16th. This represents a $0.80 annualized dividend and a yield of 1.22%.

Ball has increased its dividend payment by an average of 10.1% annually over the last three years. Ball has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ball to earn $3.55 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 22.5%.

Ball Stock Up 0.0 %

Shares of NYSE BALL traded up $0.01 during midday trading on Wednesday, hitting $65.48. The stock had a trading volume of 1,347,021 shares, compared to its average volume of 1,800,576. The company has a market cap of $20.32 billion, a P/E ratio of 4.92, a PEG ratio of 1.63 and a beta of 0.88. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $65.24 and its 200-day moving average is $65.17. Ball has a 52 week low of $43.29 and a 52 week high of $71.32.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. As a group, analysts predict that Ball will post 3.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BALL shares. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Wednesday, August 14th. Truist Financial restated a “buy” rating and issued a $78.00 target price (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of Ball from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.08.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.