Ball Corp reports results for the quarter ended June 30 - Earnings Summary

• Ball Corp BALL.N reported quarterly adjusted earnings of 90 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 85 cents to 92 cents per share.

• Revenue rose 12.8% to $3.34 billion from a year ago; analysts expected $3.11 billion.

• Ball Corp's reported EPS for the quarter was 76 cents​.

• The company reported quarterly net income of $212 million.

• Ball Corp shares had risen by 2.7% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the non-paper containers & packaging peer group is also "buy"

• Wall Street's median 12-month price target for Ball Corp is $63.00, about 8.6% above its last closing price of $57.61

This summary was machine generated from LSEG data August 5 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)