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.
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.
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