Group 1 - Ball Corporation's board declared a cash dividend of 20 cents per share, payable on June 17, 2024, to shareholders of record as of June 3, 2024 [1] - The board approved a share repurchase program allowing the company to buy back up to 40 million shares of its common stock, replacing all previous authorizations [1] - The executive vice president and CFO stated that the increased share repurchase authorization supports the ongoing multi-year return of capital to shareholders [1] Group 2 - Mandy Glew was elected as senior vice president and president, EMEA, succeeding Carey Causey [2] - Glew joined Ball in 2020 and has a background in manufacturing, logistics, and marketing, holding a Ph.D. in chemistry and studied managerial finance [2] - Ball Corporation will announce its first quarter 2024 earnings on April 26, 2024, before trading begins on the New York Stock Exchange [2] Group 3 - Ball Corporation provides innovative and sustainable aluminum packaging solutions for various sectors, employing 16,000 people worldwide [4] - The company reported net sales of $14.03 billion for the year 2023 [4]

Core Insights - Analysts project that Ball (BALL) will report quarterly earnings of $0.56 per share, reflecting an 18.8% decline year over year, with revenues expected to reach $3.26 billion, down 6.4% from the same quarter last year [1] - There has been a slight upward revision of 0.2% in the consensus EPS estimate over the last 30 days, indicating a reassessment by covering analysts [1] - The relationship between earnings estimate revisions and short-term stock price performance is well-documented, suggesting that these revisions are significant for predicting investor reactions [1] Revenue Estimates - The consensus for 'Net Sales- Other' is projected at $194.73 million, indicating a 0.9% increase from the previous year [2] - 'Net Sales- Beverage packaging, North and Central America' is expected to be $1.39 billion, reflecting a 7.8% decline year over year [2] - 'Net Sales- Beverage packaging, EMEA' is forecasted at $842.31 million, showing a 1% increase from the prior year [2] Additional Revenue Metrics - 'Net Sales- Beverage packaging, South America' is estimated at $472.68 million, suggesting a 5% increase year over year [3] - Analysts project 'Net Sales- Aerospace' to be $270.75 million, indicating a significant decline of 46.7% from the year-ago quarter [3] Operating Earnings Estimates - 'Comparable operating earnings- Beverage packaging, North and Central America' is expected to reach $139.14 million, down from $183 million in the same quarter last year [3] - The estimate for 'Comparable operating earnings- Beverage packaging, South America' stands at $47.55 million, compared to $50 million a year ago [3] - 'Comparable operating earnings- Aerospace' is projected at $31.53 million, down from $60 million in the same quarter last year [3] - 'Comparable operating earnings- Beverage packaging, EMEA' is estimated at $68.67 million, compared to $73 million in the previous year [4] Stock Performance - Over the past month, Ball shares have recorded a return of -1.6%, while the Zacks S&P 500 composite has seen a decline of -4.2% [4] - Ball holds a Zacks Rank 3 (Hold), suggesting that its performance is likely to align with the overall market in the near term [4]

Core Viewpoint - Ball Corporation is expected to report first-quarter 2024 results on April 26, with anticipated earnings per share of 56 cents, reflecting an 18.9% decrease year-over-year, and total sales estimated at $3.26 billion, indicating a 6.4% decline from the previous year [1][3]. Q4 Performance - In the last reported quarter, Ball Corporation's earnings increased year-over-year and exceeded the Zacks Consensus Estimate, while total revenue fell year-over-year and missed the estimate. The company surpassed consensus estimates in three of the last four quarters, with an average surprise of 11.7% [2]. Q1 Estimates - The Zacks Consensus Estimate for first-quarter earnings per share is 56 cents, down 18.9% from the prior year. Total sales are estimated at $3.26 billion, a decline of 6.4% year-over-year [3]. Factors to Note - The company has been experiencing weaker demand due to muted customer spending amid higher retail prices, particularly in the U.S. High input and labor costs from supply constraints are expected to impact performance. However, efforts to improve efficiency and reduce costs may help mitigate these effects [4]. - The Beverage Packaging segment in North and Central America is projected to have net sales of $1.36 billion, a 9.8% year-over-year decline, with operating income estimated at $123 million, down 32.7% [4]. - The Beverage Packaging segment in Europe is expected to report sales of $860 million, a 3% drop, with operating income projected at $51 million, reflecting a 30% year-over-year decline [5]. - The Beverage Packaging segment in South America is estimated to have net sales of $455 million, indicating 1% growth, but operating income is expected to decline by 35.7% to $32 million [5]. Recent Developments - On February 16, 2024, Ball Corporation completed the sale of its aerospace business for $5.6 billion to BAE Systems, Inc. Approximately $2 billion of the after-tax proceeds will be used to reduce net debt, with another $2 billion allocated for share repurchases, while the remaining funds will strengthen the balance sheet [6]. Earnings Prediction - The model predicts an earnings beat for Ball Corporation, supported by a positive Earnings ESP of +1.35% and a Zacks Rank of 3 (Hold) [7][8]. Price Performance - Ball Corporation's shares have increased by 26% over the past year, outperforming the industry growth of 11.3% [8].

Core Viewpoint - Ball (BALL) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected on April 26, 2024 [1][2]. Financial Expectations - The consensus estimate for quarterly earnings is $0.56 per share, reflecting an 18.8% decrease year-over-year [2]. - Revenues are projected to be $3.26 billion, down 6.4% from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has been revised 3.51% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [3][6]. Earnings Surprise Prediction - The Zacks Earnings ESP for Ball is -0.60%, suggesting that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, which complicates the prediction of an earnings beat [4][6]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [5]. Historical Performance - In the last reported quarter, Ball exceeded the expected earnings of $0.77 per share by posting $0.78, resulting in a surprise of +1.30% [7]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [7]. Conclusion - Despite the historical ability to beat estimates, Ball does not currently appear to be a compelling candidate for an earnings beat based on the current estimates and revisions [8].

Core Insights - Ball (BALL) has a strong history of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 1.26% [1] - The company reported earnings of $0.78 per share for the most recent quarter, surpassing the expected $0.77, and previously reported $0.83 per share against an estimate of $0.82 [1] - There has been a favorable shift in earnings estimates for Ball, with a positive Earnings ESP indicating a high likelihood of another earnings beat [2] Earnings Estimates and Predictions - The Zacks Earnings ESP for Ball is currently +0.46%, suggesting analysts have recently become more optimistic about the company's earnings prospects [3] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] - The next earnings report for Ball is anticipated to be released on April 26, 2024 [3]

Combined Report outlines Ball's commitment to being the aluminum packaging provider of choice to advance customer sustainability goalsWESTMINSTER, Colo., March 21, 2024 /PRNewswire/ -- Ball Corporation (NYSE: BALL) today released its 2023 Combined Report, which provides stakeholders with a comprehensive overview of how environmental, social and economic performance are driving value across the business. View PDF Ball Corporation 2023 Annual & Sustainability Report "Following the divestment of our aeros ...

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WESTMINSTER, Colo., March 14, 2024 /PRNewswire/ -- Ball Corporation ("Ball") (NYSE: BALL) announced today the expiration and final results of its previously announced offers to purchase for cash (i) any and all of the $1,000,000,000 aggregate principal amount of its outstanding 5.25% Senior Notes due 2025 (the "2025 Notes") and (ii) any and all of the $750,000,000 aggregate principal amount of its outstanding 4.875% Senior Notes due 2026 (the "2026 Notes" and, together with the 2025 Notes, the "Notes"). Suc ...

BROOMFIELD, Colo., March 14, 2024 /PRNewswire/ -- Ball Aluminum Cups® (NYSE: BALL), Copper Mountain Resort and the POWDR Adventure Lifestyle Corporation today announced the installation of a Reverse Vending Machine (RVM) at Jack's Slopeside Grill to increase aluminum recycling in the mountain town. The machine was installed in February 2024 and will be available for the duration of the season through April 2024. Ball Corporation, a leading global provider of sustainable aluminum beverage packaging, worked w ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...