Zacks: Brokerages Expect BPC Acquisition Corp (BERY) to Announce $0.82 EPS

Brokerages forecast that BPC Acquisition Corp (NYSE:BERY) will report earnings of $0.82 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for BPC Acquisition Corp’s earnings, with estimates ranging from $0.68 to $0.89. BPC Acquisition Corp also reported earnings of $0.82 per share during the same quarter last year. The company is expected to report its next earnings results on Tuesday, August 8th.

On average, analysts expect that BPC Acquisition Corp will report full year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.60 to $2.97. For the next year, analysts expect that the firm will report earnings of $3.29 per share, with EPS estimates ranging from $2.75 to $3.60. Zacks’ EPS calculations are an average based on a survey of analysts that cover BPC Acquisition Corp.

BPC Acquisition Corp (NYSE:BERY) last issued its earnings results on Wednesday, May 3rd. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. BPC Acquisition Corp had a net margin of 4.50% and a return on equity of 110.06%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share.

BERY has been the subject of several recent research reports. Zacks Investment Research upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, June 6th. ValuEngine upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 price objective on shares of BPC Acquisition Corp in a research note on Monday, May 15th. Citigroup Inc. reiterated a “buy” rating on shares of BPC Acquisition Corp in a research note on Tuesday, March 7th. Finally, Jefferies Group LLC lifted their price objective on BPC Acquisition Corp from $59.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $57.40.

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Shares of BPC Acquisition Corp (BERY) traded up 0.55% during mid-day trading on Tuesday, hitting $58.08. 1,048,664 shares of the stock were exchanged. The company has a 50-day moving average price of $56.73 and a 200-day moving average price of $51.64. BPC Acquisition Corp has a 12 month low of $34.98 and a 12 month high of $58.95. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 25.20 and a beta of 1.09.

In other news, President Curt Begle sold 18,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $55.23, for a total transaction of $994,140.00. Following the sale, the president now owns 31,200 shares of the company’s stock, valued at approximately $1,723,176. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Bayh sold 15,500 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $57.98, for a total value of $898,690.00. Following the sale, the director now directly owns 40,000 shares in the company, valued at approximately $2,319,200. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock worth $4,581,515 in the last three months. Corporate insiders own 3.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BERY. First Quadrant L P CA purchased a new position in BPC Acquisition Corp during the first quarter valued at approximately $144,000. FTB Advisors Inc. raised its position in BPC Acquisition Corp by 809.5% in the first quarter. FTB Advisors Inc. now owns 3,811 shares of the industrial products company’s stock valued at $185,000 after buying an additional 3,392 shares during the period. Public Employees Retirement Association of Colorado raised its position in BPC Acquisition Corp by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock valued at $194,000 after buying an additional 111 shares during the period. BlueCrest Capital Management Ltd purchased a new position in BPC Acquisition Corp during the first quarter valued at approximately $218,000. Finally, Greenwood Capital Associates LLC raised its position in BPC Acquisition Corp by 2.4% in the first quarter. Greenwood Capital Associates LLC now owns 4,603 shares of the industrial products company’s stock valued at $224,000 after buying an additional 107 shares during the period. 99.69% of the stock is currently owned by institutional investors.

BPC Acquisition Corp Company Profile

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

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