Zacks: Analysts Anticipate BPC Acquisition Corp (NYSE:BERY) to Announce $0.79 EPS

Analysts expect BPC Acquisition Corp (NYSE:BERY) to post earnings of $0.79 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for BPC Acquisition Corp’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.74. BPC Acquisition Corp posted earnings of $0.73 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The business is expected to report its next quarterly earnings report on Tuesday, December 5th.

According to Zacks, analysts expect that BPC Acquisition Corp will report full year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $3.06. For the next financial year, analysts forecast that the company will report earnings of $3.36 per share, with EPS estimates ranging from $3.21 to $3.66. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow BPC Acquisition Corp.

BPC Acquisition Corp (NYSE:BERY) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 99.21%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS.

BERY has been the topic of several research analyst reports. Barclays PLC upped their price objective on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Group LLC upped their price objective on shares of 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 upped their price objective on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of BPC Acquisition Corp in a research report on Tuesday, April 11th. Finally, Zacks Investment Research upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. BPC Acquisition Corp has a consensus rating of “Buy” and a consensus target price of $62.91.

Shares of BPC Acquisition Corp (NYSE:BERY) opened at 57.22 on Friday. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 24.82 and a beta of 1.08. The company’s 50 day moving average is $57.39 and its 200 day moving average is $53.19. BPC Acquisition Corp has a one year low of $39.45 and a one year high of $58.95.

In other BPC Acquisition Corp news, Director Evan Bayh sold 15,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $57.98, for a total transaction of $898,690.00. Following the transaction, the director now directly owns 40,000 shares in the company, valued at $2,319,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl J. Rickertsen sold 29,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $56.35, for a total transaction of $1,662,325.00. Following the transaction, the director now owns 15,119 shares in the company, valued at $851,955.65. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock worth $3,587,375 over the last quarter. Company insiders own 3.11% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Quadrant L P CA acquired a new position in shares of BPC Acquisition Corp during the first quarter worth approximately $144,000. FTB Advisors Inc. boosted its position in shares of 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 worth $185,000 after buying an additional 3,392 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of 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 worth $194,000 after buying an additional 111 shares during the last quarter. CrestPoint Capital Management LLC acquired a new position in shares of BPC Acquisition Corp during the second quarter worth approximately $205,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of BPC Acquisition Corp during the first quarter worth approximately $218,000. Institutional investors and hedge funds own 99.45% of the company’s stock.

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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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