BALL CORP (NYSE: BALL) has reported E.P.S. of $0.25 for its first fiscal quarter (ending March 31) versus $0.40 for the same period a year ago — a decline of -38%. Relative to the consensus estimate of $0.67, this was a shortfall of $-0.41. E.P.S. were $1.93 for the latest four quarters through March 31 versus $1.28 for the same period a year ago — an increase of 51%.
Recent Price Action
BALL CORP (NYSE: BALL) stock closed at $69.80 on 4/26/24 after a very large increase of 6.6%. Moreover, exceptionally high trading volume at 254% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.5% during the last week.
Current PriceTarget Research Rating
BALL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BALL CORP has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. BALL CORP has a poor Appreciation Score of 19 but a good Power Rating of 79, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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