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The headline numbers for Berry Global (BERY) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Berry Global (BERY) came out with quarterly earnings of $1.22 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.30 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Berry Global (BERY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Berry Global (BERY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Berry Global (BERY) experiences weakness in its operations due to softness in the Consumer Packaging International segment. Rising debt levels are added concerns for the company.
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its first fiscal quarter 2024 results on Wednesday, February 7, 2024, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company's results and performance. This call will be webcast live at the Company's website at https://ir.berryglobal.com/financials. A new, simplified event registration and.
Berry Global (BERY) intends to use net proceeds from the private placement offering of its senior secured notes to prepay part of its indebtedness.
Cost-reduction actions and accretive acquisition augur well for Berry Global (BERY). The company's shareholder-friendly policies are promising.
Berry Global (BERY) follows a balanced capital allocation strategy, utilizing its cash flow for paying out dividends, repurchasing shares and acquiring businesses.
Berry Global operates in the stable and countercyclical plastic packaging sector. The company has been trading at a chronic, well-deserved undervaluation compared to the sector due to shareholder-unfriendly capital allocation. Three activist funds decided to change the course of the company and in the last annual report we can see substantial positive changes in capital allocation.