Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. It also develops spacecraft, sensors and instruments, radio frequency systems, and other technologies and products for the civil, commercial, and national security aerospace markets, as well as offers defense hardware, antenna and video tactical solutions, civil and operational space hardware, and systems engineering services. In addition, the company designs, manufactures, and tests satellites, remote sensors, and ground station control hardware and software; and provides launch vehicle integration and satellite operational services. Further, it provides target identification, warning, and attitude control systems and components; cryogenic systems and associated sensor cooling devices; star trackers; and fast-steering mirrors to the government agencies and prime contractors. Additionally, the company manufactures and sells extruded aluminum aerosol containers, aluminum cups, and aluminum slugs. Ball Corporation was founded in 1880 and is headquartered in Westminster, Colorado.
IPO Year:
Exchange: NYSE
Website: ball.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/6/2022 | $100.00 → $81.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 3/7/2022 | $103.00 → $108.00 | Neutral → Buy | B of A Securities |
| 3/3/2022 | $87.00 → $105.00 | Market Perform → Outperform | BMO Capital |
| 1/28/2022 | $102.00 → $105.00 | Neutral | Mizuho |
| 1/20/2022 | $110.00 → $100.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/4/2022 | $105.00 | Buy → Neutral | Citigroup |
| 1/4/2022 | Buy → Neutral | Citigroup | |
| 11/5/2021 | $104.00 → $102.00 | Neutral | Mizuho |
| 10/14/2021 | $101.00 → $95.00 | Buy → Neutral | BofA Securities |
| 10/13/2021 | $104.00 | Neutral | Mizuho |
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WESTMINSTER, Colo., Dec. 2, 2020 /PRNewswire/ -- Ball Corporation (NYSE: BLL) today announced promotions and senior management changes that will become effective at the beginning of 2021, including that Daniel W. Fisher will become president of Ball Corporation and will join Ball's board of directors at that time. In addition, both Lisa A. Pauley, senior vice president, HR and administration, and Scott C. Morrison, senior vice president and chief financial officer, will be promoted to executive vice presidents of the corporation and will retain the same responsibilities. Ronald J. Lewis will become senior vice president and chief operating officer, Global Beverage Packaging, reporting to
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RBC Capital Mkts downgraded Ball Corp from Outperform to Sector Perform and set a new price target of $81.00 from $100.00 previously
B of A Securities upgraded Ball from Neutral to Buy and set a new price target of $108.00 from $103.00 previously
BMO Capital upgraded Ball from Market Perform to Outperform and set a new price target of $105.00 from $87.00 previously
Mizuho reiterated coverage of Ball with a rating of Neutral and set a new price target of $105.00 from $102.00 previously
Morgan Stanley downgraded Ball from Overweight to Equal-Weight and set a new price target of $100.00 from $110.00 previously
Citigroup downgraded Ball Corp from Buy to Neutral and set a new price target of $105.00
Citigroup downgraded Ball from Buy to Neutral
Mizuho reiterated coverage of Ball with a rating of Neutral and set a new price target of $102.00 from $104.00 previously
BofA Securities downgraded Ball Corp from Buy to Neutral and set a new price target of $95.00 from $101.00 previously
Mizuho initiated coverage of Ball with a rating of Neutral and set a new price target of $104.00
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10-Q - BALL Corp (0000009389) (Filer)
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WESTMINSTER, Colo., May 9, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL), announced today an agreement to repurchase approximately $300 million of its outstanding common stock in a privately negotiated, accelerated stock repurchase transaction with Mizuho Markets Americas LLC, using cash on hand and available borrowings. Subject to certain conditions, the transaction will commence today and reduce Ball's outstanding common stock by a total of approximately 4.3 million shares. Following the completion of today's transaction, approximately 21 million shares remain available for repurchase under the company's existing authorization. "This share buyback, which is part of our previously announ
Highlights U.S. GAAP earnings per diluted share of $1.37 vs. 60 cents in 2021 Comparable earnings per diluted share of 77 cents vs. 72 cents in 2021; an increase of 7%Beverage can shipments up 10% and 3% in EMEA and North America, respectively; global specialty mix at 51%Aerospace backlog increased to $3.2 billion; up 28% since year-end 2021Announced decision to leave Russia and pursue sale of local operations; continuing support of humanitarian efforts in UkrainePositioned to return in the range of $1.75 billion to shareholders and deploy $1.8 billion in capital expenditures during 2022Ability to achieve our long-term diluted earnings per share growth goal of 10 – 15% intact; in 2022, abili
WESTMINSTER, Colo., April 5, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL) will announce its first quarter 2022 earnings on Thursday, May 5, 2022, before trading begins on the New York Stock Exchange. At 9 a.m. Mountain time on that day (11 a.m. Eastern time), Ball will hold its regular quarterly conference call on the company's results and performance. The North American toll-free number for the call is 800-897-4035. International callers should dial +1 212-231-2908. Please use the following URL for a webcast of the live call: https://edge.media-server.com/mmc/p/6i49rc3v For those unable to listen to the live call, a taped replay will be available from 11 a.m. Mountain time on May 5, 20
WESTMINSTER, Colo., Jan. 27, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL) today reported, on a U.S. GAAP basis, full-year 2021 net earnings attributable to the corporation of $878 million (including net after-tax charges of $279 million, or $0.84 per diluted share for business consolidation and other non-comparable items), or $2.65 per diluted share, on sales of $13.8 billion, compared to $585 million net earnings attributable to the corporation, or $1.76 per diluted share (including net after-tax charges of $402 million, or $1.21 per diluted share for business consolidation and other non-comparable items), on sales of $11.8 billion in 2020. Ball's full-year 2021 comparable net earnings
HARTSVILLE, S.C., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest sustainable global packaging companies, today announced it has completed the acquisition of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol can producer in North America. Ball Metalpack was a joint venture owned by Platinum Equity and Ball Corporation (NYSE:BLL). "Sonoco and Ball Metalpack are a clear strategic fit. The metal packaging business complements Sonoco's largest Consumer Packaging franchise – our iconic global Paper Cans and Closures business. In addition, this combination expands Sonoco's already established
WESTMINSTER, Colo., Jan. 26, 2022 /PRNewswire/ -- Ball Corporation's (NYSE:BLL) board of directors (the "Board") today declared a cash dividend of 20 cents per share, payable March 15, 2022, to shareholders of record as of March 1, 2022. In addition, following a review of the company's governance profile, the Board has amended the company's bylaws (1) to opt out of the classified board structure required by the Indiana Business Corporation Law, (2) to permit shareholders to amend the bylaws, and (3) to increase the retirement age for directors to 75 years of age from 72 years of age. In line with these changes, the Board intends to recommend the company's shareholders approve amendments to t
WESTMINSTER, Colo., Dec. 27, 2021 /PRNewswire/ -- Ball Corporation (NYSE:BLL) will announce its fourth quarter 2021 earnings on Thursday, January 27, 2022, before trading begins on the New York Stock Exchange. At 9 a.m. Mountain time on that day (11 a.m. Eastern time), Ball will hold its regular quarterly conference call on the company's results and performance. The North American toll-free number for the call is 877-256-3243. International callers should dial +1 212-231-2919. Please use the following URL for a webcast of the live call: https://edge.media-server.com/mmc/p/vurbtc23 For those unable to listen to the live call, a taped replay will be available from 11 a.m. Mountain time on J
LOS ANGELES and WESTMINSTER, Colo., Dec. 20, 2021 /PRNewswire/ -- Platinum Equity and Ball Corporation (NYSE:BLL) today announced the signing of a definitive agreement to sell Ball Metalpack to Sonoco (NYSE:SON) in a transaction valued at approximately $1.35 billion. Closing of the transaction is subject to satisfaction of customary closing conditions, including regulatory review, and is expected to be completed in the first quarter of 2022. BLL) today announced the signing of a definitive agreement to sell Ball Metalpack to Sonoco (NYSE:SON) in a transaction valued at approximately $1.35 billion. (PRNewsfoto/Platinum Equity
Acquisition Complements Sonoco's Largest Consumer Packaging Franchise Transaction to Strengthen Cash Flows and Earnings Further Expands Company's Sustainable Packaging Portfolio HARTSVILLE, S.C., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest sustainable global packaging companies, today announced it has entered into a definitive agreement to acquire Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America, for $1.35 billion in cash before taking into consideration tax benefits with an estimated net present value of approximately $180 million. Ball Metalpack is a joint
WESTMINSTER, Colo., Nov. 4, 2021 /PRNewswire/ -- Ball Corporation (NYSE:BLL) today reported, on a U.S. GAAP basis, third quarter 2021 net earnings attributable to the corporation of $179 million (including net after-tax charges of $134 million, or 40 cents per diluted share for business consolidation and other non-comparable items), or 54 cents per diluted share, on sales of $3.6 billion, compared to $241 million net earnings attributable to the corporation, or 72 cents per diluted share (including net after-tax charges of $56 million, or 17 cents per diluted share for business consolidation and other non-comparable items), on sales of $3.1 billion in 2020. Results for the first nine months
Marks the fourth global wind development supporting the company's renewable energy and carbon reduction targets WESTMINSTER, Colo., May 16, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BALL) today announced it has entered into a virtual power purchase agreement (VPPA) in which Ball will purchase 151 megawatts of new wind energy from a subsidiary of NextEra Energy Resources, LLC, the world's largest generator of renewable energy from the wind and sun. The wind energy center will be located in west Texas and Ball's portion of the project is expected to produce 600,000 megawatt hours of clean energy annually, enough to address the electricity load of nearly half of Ball's North America manufactu
WESTMINSTER, Colo., May 9, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL), announced today an agreement to repurchase approximately $300 million of its outstanding common stock in a privately negotiated, accelerated stock repurchase transaction with Mizuho Markets Americas LLC, using cash on hand and available borrowings. Subject to certain conditions, the transaction will commence today and reduce Ball's outstanding common stock by a total of approximately 4.3 million shares. Following the completion of today's transaction, approximately 21 million shares remain available for repurchase under the company's existing authorization. "This share buyback, which is part of our previously announ
WESTMINSTER, Colo., May 6, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL), one of the world's leading suppliers of aluminum packaging and aerospace technologies, will speak to the investment community at the virtual 2022 Goldman Sachs Industrials and Materials Conference on Thursday, May 12, 2022. Dan Fisher, president and CEO, is scheduled to speak at 2:40 p.m. Eastern Time. To listen to the presentation via live webcast, visit the following link: https://kvgo.com/gs/ball-corporation-may-2022 A replay of the presentation will be available after the presentation ends and will be accessible for 30 days at www.ball.com/investors under "news and presentations." About Ball CorporationBall Corp
Highlights U.S. GAAP earnings per diluted share of $1.37 vs. 60 cents in 2021 Comparable earnings per diluted share of 77 cents vs. 72 cents in 2021; an increase of 7%Beverage can shipments up 10% and 3% in EMEA and North America, respectively; global specialty mix at 51%Aerospace backlog increased to $3.2 billion; up 28% since year-end 2021Announced decision to leave Russia and pursue sale of local operations; continuing support of humanitarian efforts in UkrainePositioned to return in the range of $1.75 billion to shareholders and deploy $1.8 billion in capital expenditures during 2022Ability to achieve our long-term diluted earnings per share growth goal of 10 – 15% intact; in 2022, abili
Sustainability initiatives in place for the tour will include infinitely recyclable Ball Aluminum Cups for fans to refill and recycle in an effort to minimize waste WESTMINSTER, Colo., May 4, 2022 /PRNewswire/ -- Dancing at concerts and making a positive impact on the environment? Ball Corporation, a leading global provider of sustainable aluminum cans, cups and bottles, announced today that it will be a key partner in helping Coldplay advance its commitment to making the Music Of The Spheres World Tour as environmentally beneficial as possible. Ball will provide its infinitely recyclable Ball Aluminum Cup™ to Coldplay's venues across the United States and select venues internationally – hel
Communities across the United States and Canada can celebrate and enjoy their favorite beverages more sustainably by using and recycling the Ball Aluminum Cup™ WESTMINSTER, Colo., April 28, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL) and Sodexo Live! today announced an expansion of their multi-year partnership to advance sustainability efforts in sports and entertainment by bringing millions of infinitely recyclable Ball Aluminum Cups™ to communities visiting major venues and events across the United States and Canada. Ball, a leading global provider of infinitely recyclable aluminum beverage packaging, designed the lightweight aluminum cups to bring beverage packaging circularity to sp
WESTMINSTER, Colo., April 27, 2022 /PRNewswire/ -- Ball Corporation's (NYSE:BLL) board of directors today declared a cash dividend of 20 cents per share, payable June 15, 2022, to shareholders of record as of June 1, 2022. In addition, the company today announced that it is changing its ticker symbol to BALL, effective at the start of trading on Tuesday, May 10, 2022. Since the company's initial public offering in 1972, Ball stock has traded under the ticker symbol BLL—four letter ticker symbols were previously unavailable. To celebrate our 50th anniversary as a public company and to ensure the BALL ticker represents our 142-year old company, we are excited to change our ticker effective M
WESTMINSTER, Colo., April 25, 2022 /PRNewswire/ -- Today Ball Corporation (NYSE:BLL) announced that the Ball Aluminum Cup™ was named a Gold winner by the 2022 Edison Awards in the field of Consumer Solutions: Sustainability. Established in 1987, the prestigious Edison Awards honor and foster innovation and innovators that have a positive impact on the world. Receiving an Edison Award has become one of the highest accolades denoting innovative success. The Ball Aluminum Cup was selected as a winner by expert reviewers from around the world who assessed more than 350 nominations
The infinitely recyclable Ball Aluminum Cup now boasts the highest recycled content rate of any beverage packaging in its category WESTMINSTER, Colo., April 19, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL), a leading global provider of infinitely recyclable aluminum beverage packaging, and aluminum recycler and supplier Novelis, today announced that the Ball Aluminum Cup™ is now composed of 90% recycled content. This evolution builds on the Ball Aluminum Cup's infinite recyclability by lowering its carbon footprint, therefore further positioning the product as a sustainable solution for packaging waste challenges across the sports and entertainment, food service, retail and beverage i
WESTMINSTER, Colo., April 5, 2022 /PRNewswire/ -- Ball Corporation (NYSE:BLL) will announce its first quarter 2022 earnings on Thursday, May 5, 2022, before trading begins on the New York Stock Exchange. At 9 a.m. Mountain time on that day (11 a.m. Eastern time), Ball will hold its regular quarterly conference call on the company's results and performance. The North American toll-free number for the call is 800-897-4035. International callers should dial +1 212-231-2908. Please use the following URL for a webcast of the live call: https://edge.media-server.com/mmc/p/6i49rc3v For those unable to listen to the live call, a taped replay will be available from 11 a.m. Mountain time on May 5, 20
Truist Securities analyst Michael Roxland upgrades Ball Corp (NYSE:BLL) from Hold to Buy.
Ball Corp (NYSE:BLL) has entered into a virtual power purchase agreement to buy 151 megawatts of new wind energy from NextEra Energy, Inc. (NYSE:NEE) NextEra Energy Resources LLC. The wind energy center will be located in west Texas. Ball's portion of the project is expected to produce 600,000 megawatt-hours of clean energy annually, enough to address the electricity load of nearly half of its North America manufacturing facilities. The move is in alignment with Ball's aim to achieve its 2030 science-based targets and net-zero emissions before 2050. The wind energy center is expected to reduce Ball's global Scope 2 greenhouse gas emissions by about 30%. Price Action: BLL shares are tra
Ball (NYSE:BLL) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 3 0 0 Last 30D 1 0 2 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 0 0 0 According to 6 analyst offering 12-month price targets in the last 3 months, Ball has an average price target of $90.0 with a high of $108.00 and a low of $75.00. Below is a summary of how these 6 analysts rated Ball over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock This current aver
Deutsche Bank analyst Kyle White maintains Ball (NYSE:BLL) with a Buy and lowers the price target from $98 to $91.
Morgan Stanley analyst Neel Kumar maintains Ball (NYSE:BLL) with a Equal-Weight and lowers the price target from $100 to $75.
Barclays analyst Michael Leithead maintains Ball (NYSE:BLL) with a Equal-Weight and lowers the price target from $95 to $80.
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Keybanc cut HubSpot, Inc. (NYSE:HUBS) price target from $535 to $461. HubSpot shares fell 0.4% to $340.00 in pre-market trading. Cantor Fitzgerald cut the price target for Entasis Therapeutics Holdings Inc. (NASDAQ:ETTX) from $5 to $2. Entasis Therapeutics shares closed at $1.89 on Thursday. Piper Sandler raised the price target on Boot Barn Holdings, Inc. (NYSE:BOOT) from $109 to $121. Boot Barn shares rose 1.6% to $97.27 in pre-market trading. DA Davidson lowered the price target for Nature's Sunshine Products, Inc. (NASDAQ:NATR) from $24.5 to $18. Nature's Sunshine Products shares fell 0.9% to $15.56 in pre-market trading. Telsey Advisory Group boosted the price target on G
RBC Capital analyst Arun Viswanathan downgrades Ball (NYSE:BLL) from Outperform to Sector Perform and lowers the price target from $100 to $81.
Ball Corporation (NYSE:BLL) reported first-quarter FY22 sales growth of 18.9% year-on-year to $3.72 billion, beating the consensus of $3.5 billion. Beverage packaging, North and Central America sales rose 24.2% Y/Y, Beverage packaging EMEA increased 18.3%, Beverage packaging South America gained 1.4%, and Aerospace segment sales rose 18.8%. Beverage can shipments rose 10% and 3% in EMEA and North America, respectively. Comparable EPS of $0.77 missed the analyst consensus of $0.83. The company held $446 million in cash and equivalents as of March 31, 2022. Cash used in operating activities amounted to $(804) million. BLL's net debt totaled $8.1 billion. Aerospace backlog increased to $