BPC Acquisition Corp (BERY) to Release Quarterly Earnings on Thursday

BPC Acquisition Corp (NYSE:BERY) is set to post its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect BPC Acquisition Corp to post earnings of $0.83 per share for the quarter.

BPC Acquisition Corp (NYSE:BERY) last released its earnings results on Wednesday, May 3rd. The industrial products company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. BPC Acquisition Corp had a return on equity of 110.06% and a net margin of 4.50%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts expect BPC Acquisition Corp to post $2.9 EPS for the current fiscal year and $3.28 EPS for the next fiscal year.

BPC Acquisition Corp (BERY) opened at 56.08 on Tuesday. The company’s 50-day moving average price is $57.43 and its 200 day moving average price is $53.15. BPC Acquisition Corp has a 52-week low of $39.45 and a 52-week high of $58.95. The stock has a market capitalization of $7.26 billion, a P/E ratio of 24.33 and a beta of 1.09.

BERY has been the subject of several recent analyst reports. Zacks Investment Research cut BPC Acquisition Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Deutsche Bank AG raised their target price on BPC Acquisition Corp from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Jefferies Group LLC raised their target price on BPC Acquisition Corp from $59.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Credit Suisse Group raised their target price on BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, SunTrust Banks, Inc. raised BPC Acquisition Corp from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $65.00 in a research report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.10.

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In other BPC Acquisition Corp news, President Curt Begle sold 18,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $57.02, for a total value of $1,026,360.00. Following the completion of the sale, the president now owns 1,899 shares of the company’s stock, valued at $108,280.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carl J. Rickertsen sold 29,500 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $56.35, for a total value of $1,662,325.00. Following the completion of the sale, the director now directly owns 15,119 shares of the company’s stock, valued at approximately $851,955.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,000 shares of company stock valued at $4,581,515. Insiders own 3.11% of the company’s stock.

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.

Earnings History for BPC Acquisition Corp (NYSE:BERY)

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