Ball (BALL)

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Here's Why Ball (BALL) is a Strong Value Stock
Zacks Investment Research· 2024-03-04 15:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many 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.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks S ...
Ball Corporation Announces Early Results of Cash Tender Offers for Certain Outstanding Debt Securities
Prnewswire· 2024-02-29 00:11
WESTMINSTER, Colo., Feb. 28, 2024 /PRNewswire/ -- Ball Corporation ("Ball") (NYSE: BALL) announced today the early 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"). Such offers to purc ...
Ball Corporation Announces Pricing of Cash Tender Offers for Certain Outstanding Debt Securities
Prnewswire· 2024-02-28 15:57
Core Viewpoint - Ball Corporation announced cash tender offers for its outstanding senior notes, aiming to purchase $1 billion of 5.25% Senior Notes due 2025 and $750 million of 4.875% Senior Notes due 2026 [1][3] Summary by Relevant Sections Tender Offers - The tender offers are for the 5.25% Senior Notes due 2025 and the 4.875% Senior Notes due 2026, collectively referred to as the "Notes" [1] - The offers will expire at 5:00 p.m. New York City Time on March 14, 2024, unless extended or terminated earlier [4] Pricing Terms - For the 5.25% Senior Notes due 2025, the total consideration is $1,000.00 per $1,000 principal amount, with an early tender premium of $30 [2] - For the 4.875% Senior Notes due 2026, the total consideration is $990.38 per $1,000 principal amount, with an early tender premium of $30 [2] Payment and Settlement - Payment for the notes accepted for purchase will be made promptly following the expiration time, anticipated to be March 15, 2024 [7] - An early settlement date is anticipated for February 29, 2024, for notes tendered before the early tender time [7] Conditions and Withdrawal - The tender offers are contingent upon the satisfaction of certain conditions, and Ball may delay or terminate the offers if conditions are not met [8] - Holders can withdraw their tendered notes prior to the withdrawal deadline of 5:00 p.m. on February 28, 2024 [4] Use of Proceeds - The funds for the total consideration and accrued interest will be sourced from the net cash proceeds of the sale of Ball's aerospace business [6]
Ball Corp (BALL) Hits 52-Week High: What's Aiding Its Rally?
Zacks Investment Research· 2024-02-28 14:31
Ball Corporation (BALL) shares scaled a new 52-week high of $63.55 on Feb 27 before closing the session a tad lower at $62.61. The company’s shares rallied following the news of the sale of its Aerospace business on Feb 16 and the fourth-quarter 2023 earnings release on Feb 1.BALL has a market capitalization of $19.7 billion. The company’s shares have gained 12.7% over the past year compared with the industry’s growth of 0.3%.Image Source: Zacks Investment ResearchWhat’s Driving Ball Corp?Sale of Aerospace ...
Why Ball (BALL) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-02-23 15:56
Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Style Scores [1][5] - The Zacks Style Scores categorize stocks into Value, Growth, Momentum, and VGM Scores, helping investors identify stocks with the best potential for market outperformance [2][3][4] Zacks Style Scores - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score emphasizes a company's financial health and future growth potential based on earnings and sales projections [2] - Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [3] - VGM Score combines the three Style Scores to highlight stocks with attractive value, growth forecasts, and momentum [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - There are over 800 stocks rated 1 or 2, providing a wide selection for investors [5] Stock Highlight: Ball Corporation (BALL) - Ball Corporation is a leading supplier of metal packaging and has a Zacks Rank of 3 (Hold) with a VGM Score of A [7] - The stock has a Momentum Style Score of B, with an 8.4% increase in share price over the past four weeks [7] - Recent upward revision of earnings estimates for fiscal 2024 has increased the Zacks Consensus Estimate to $3.16 per share, with an average earnings surprise of 11.7% [7]
Ball Corporation to Present at 2024 Bank of America Global Agriculture & Materials Conference
Prnewswire· 2024-02-21 21:20
WESTMINSTER, Colo., Feb. 21, 2024 /PRNewswire/ -- Ball Corporation (NYSE: BALL), the world's leading producer of sustainable aluminum packaging for global beverage and household brands, will speak to the investment community at the 2024 Bank of America Global Agriculture & Materials Conference, on February 28, 2024.Daniel W. Fisher, chairman and chief executive officer, and Howard H. Yu, executive vice president and chief financial officer, are scheduled to speak at 11:10 a.m. Eastern time. To listen to the ...
Ball (BALL) - 2023 Q4 - Annual Report
2024-02-19 16:00
Part I [Business](index=5&type=section&id=Item%201.%20Business) Ball is a global leader in aluminum packaging and aerospace, with **$14.03 billion** in 2023 sales, recently divesting its aerospace unit - In 2023, Ball Corporation's consolidated net sales reached **$14.03 billion**, with packaging businesses contributing **86%** and aerospace **14%**[6](index=6&type=chunk) - The company completed the divestiture of its aerospace business to BAE Systems, Inc. on February 16, 2024[6](index=6&type=chunk)[9](index=9&type=chunk) - Ball's financial strategy targets a comparable diluted earnings per share growth of **10% to 15%** per annum over the long-term, alongside maximizing cash flow and returning value to shareholders[11](index=11&type=chunk) [Sustainability](index=7&type=section&id=Item%201.%20Business-Sustainability) Ball's sustainability strategy focuses on reducing carbon footprint, promoting circularity, and achieving net-zero emissions before 2050 - The company has committed to a science-based **55%** reduction in its greenhouse gas (GHG) footprint by **2030** and aims for net zero carbon emissions prior to **2050**[15](index=15&type=chunk) - Ball emphasizes the superior recyclability of aluminum, which can be recycled **infinitely** without quality loss, contrasting with plastic, of which only **10%** has ever been recycled and is mostly downcycled[18](index=18&type=chunk)[19](index=19&type=chunk) - The company has received external recognition for its sustainability efforts, including an **A- score** from CDP's climate change program and inclusion in the 2023 Dow Jones Sustainability Index[26](index=26&type=chunk) [Human Capital and Employees](index=9&type=section&id=Item%201.%20Business-Human%20Capital%20and%20Employees) Ball employed approximately 21,000 people globally in 2023, emphasizing integrity, ownership, and diversity in its culture - At the end of 2023, the company employed approximately **21,000** people, with around **10,000** in the U.S.[27](index=27&type=chunk) - As of 2023, **45%** of the board of directors is gender diverse and **36%** is ethnically diverse, while the executive leadership team is **44%** gender diverse and **33%** ethnically diverse[31](index=31&type=chunk) [Our Reportable Segments](index=12&type=section&id=Item%201.%20Business-Our%20Reportable%20Segments) Ball reports financial performance across four segments, primarily beverage packaging, with the aerospace segment divested in early 2024 2023 Segment Sales Contribution | Segment | % of Consolidated Net Sales | | :--- | :--- | | Beverage packaging, North and Central America | 43% | | Beverage packaging, EMEA | 24% | | Beverage packaging, South America | 14% | | Aerospace | 14% | 2023 Segment Market Position | Segment | 2023 Shipments (billion units) | Estimated Market Share | | :--- | :--- | :--- | | Beverage packaging, North and Central America | 49 | ~36% | | Beverage packaging, EMEA | 35 | ~38% | | Beverage packaging, South America | 19 | ~47% | - The aerospace segment's backlog was **$2.98 billion** at the end of 2023, a slight increase from **$2.97 billion** at the end of 2022[55](index=55&type=chunk) [Risk Factors](index=20&type=section&id=Item%201A.%20Risk%20Factors) The company faces diverse risks including high debt of **$8.62 billion**, raw material price volatility, and international operational challenges - The company had significant interest-bearing debt of **$8.62 billion** as of December 31, 2023, which could increase vulnerability and limit financial flexibility[75](index=75&type=chunk) - In 2023, approximately **44%** of consolidated net sales were derived from outside the U.S., exposing the company to risks such as political instability, trade policies, and exchange rate fluctuations[82](index=82&type=chunk) - The business is vulnerable to fluctuations and disruptions in the supply and price of raw materials, especially aluminum, with potential timing delays and unrecoverable costs despite pass-through provisions[87](index=87&type=chunk)[88](index=88&type=chunk) - The aerospace business is subject to risks from U.S. government contracts, including termination for convenience, funding reductions, and budget constraints like sequestration[111](index=111&type=chunk)[112](index=112&type=chunk) - Increased and more sophisticated IT security threats pose a risk to systems, networks, and data, potentially leading to compromise of confidential information, production downtimes, and operational disruptions[122](index=122&type=chunk)[123](index=123&type=chunk)[124](index=124&type=chunk) [Unresolved Staff Comments](index=35&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reported no unresolved staff comments from the SEC - There were no matters required to be reported under this item[132](index=132&type=chunk) [Cybersecurity](index=35&type=section&id=Item%201C.%20Cybersecurity) Ball's cybersecurity program, aligned with NIST, is overseen by the Board, and prior incidents have not materially affected operations - The company's cybersecurity program is aligned with the **National Institute of Standards and Technology (NIST)** Cybersecurity Framework and is integrated into its enterprise risk management process[133](index=133&type=chunk)[134](index=134&type=chunk) - Governance includes a Chief Information Security Director (CISD) reporting to the CIO, with the Board of Directors providing oversight and receiving annual briefings on the company's cybersecurity posture[141](index=141&type=chunk)[143](index=143&type=chunk) - While the company faces cyber threats in the normal course of business, it reports that prior cybersecurity incidents have not materially affected the company[140](index=140&type=chunk) [Properties](index=38&type=section&id=Item%202.%20Properties) This section lists Ball's corporate headquarters in Colorado and numerous manufacturing facilities globally - The company's corporate headquarters are located in Westminster, Colorado[145](index=145&type=chunk) - The report lists numerous manufacturing locations for its packaging operations, categorized by segment: North and Central America (**20 facilities**), EMEA (**21 facilities**), South America (**12 facilities**), and others[147](index=147&type=chunk)[148](index=148&type=chunk) [Legal Proceedings](index=40&type=section&id=Item%203.%20Legal%20Proceedings) Details of the company's legal proceedings are included in Note 22 to the consolidated financial statements - Details of the company's legal proceedings are included in **Note 22** to the consolidated financial statements[149](index=149&type=chunk) [Mine Safety Disclosures](index=40&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The company states that this item is not applicable - Not applicable[149](index=149&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=40&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Ball's common stock trades on NYSE under BALL, with no repurchases in Q4 2023, and a performance graph is provided - The company did not repurchase any of its common stock during the fourth quarter of 2023[151](index=151&type=chunk)[152](index=152&type=chunk) Five-Year Cumulative Total Return Comparison (2018-2023) | Index | 12/31/2018 | 12/31/2023 | | :--- | :--- | :--- | | BALL | $100.00 | $131.61 | | S&P 500 | $100.00 | $190.27 | | DJ US Containers & Packaging | $100.00 | $104.72 | [Reserved](index=42&type=section&id=Item%206.%20%5BReserved%5D) This item is noted as reserved and contains no information - Item 6 of Part II is removed and reserved[155](index=155&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=43&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) MD&A covers 2023 financial performance, including a sales decrease to **$14.03 billion**, liquidity, and critical accounting policies [Consolidated Sales and Earnings](index=45&type=section&id=Item%207.%20MD%26A-Consolidated%20Sales%20and%20Earnings) In 2023, net sales decreased to **$14.03 billion** due to divestiture, lower volumes, and aluminum prices, with net earnings slightly down Consolidated Financial Highlights (2023 vs 2022, in millions) | Metric | 2023 | 2022 | Change | | :--- | :--- | :--- | :--- | | Net sales | $14,029M | $15,349M | ($1,320M) | | Net earnings attributable to Ball Corporation | $707M | $719M | ($12M) | - The decrease in 2023 sales was primarily due to the sale of the Russian business, lower volumes, and lower aluminum prices[165](index=165&type=chunk) - The decrease in 2023 net earnings was mainly driven by a **$129 million** increase in interest expense and an **$82 million** increase in business consolidation costs[166](index=166&type=chunk) [Results of Business Segments](index=47&type=section&id=Item%207.%20MD%26A-Results%20of%20Business%20Segments) Segment performance in 2023 varied, with North America showing higher earnings and Aerospace significantly increasing operating earnings Segment Comparable Operating Earnings (2023 vs 2022, in millions) | Segment | 2023 Earnings | 2022 Earnings | Change | | :--- | :--- | :--- | :--- | | Beverage Packaging, North & Central America | $710M | $642M | +$68M | | Beverage Packaging, EMEA | $354M | $358M | -$4M | | Beverage Packaging, South America | $266M | $275M | -$9M | | Aerospace | $219M | $170M | +$49M | - North America's earnings increase was primarily due to **$54 million** in fixed cost savings from rightsizing production[179](index=179&type=chunk) - EMEA's results were impacted by an **$86 million** decrease from the 2022 sale of the Russian business, offset by a **$126 million** increase from higher sales prices[181](index=181&type=chunk) [Financial Condition, Liquidity and Capital Resources](index=55&type=section&id=Item%207.%20MD%26A-Financial%20Condition%2C%20Liquidity%20and%20Capital%20Resources) Ball's 2023 operating cash flow was **$1.86 billion**, with plans to use aerospace divestiture proceeds for debt repayment and share repurchases Summary of Cash Flows (in millions) | Cash Flow Activity | 2023 | 2022 | | :--- | :--- | :--- | | Operating Activities | $1,863 | $301 | | Investing Activities | ($1,053) | ($786) | | Financing Activities | ($662) | $485 | - Following the aerospace divestiture, the company plans to use proceeds to repay **$2.00 billion** of debt and accelerate capital return to shareholders via **$2.00 billion** of share repurchases[204](index=204&type=chunk)[222](index=222&type=chunk) - Total interest-bearing debt was **$8.62 billion** at December 31, 2023, down from **$9.00 billion** at year-end 2022[213](index=213&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=64&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Ball manages market risks from commodity prices, interest rates, and currency, with a **$22 million** charge from Argentine peso devaluation in Q4 2023 Market Risk Sensitivity Analysis (1-Year After-Tax Earnings Impact, in millions) | Risk Factor | Hypothetical Change | Estimated Impact | | :--- | :--- | :--- | | Aluminum Price | 10% adverse change | ($3M) | | Interest Rates | 100 basis point increase | ($7M) | | Currency Exchange Rates | 10% USD strengthening | ($15M) | - In Q4 2023, a sudden **55%** devaluation of the Argentine peso resulted in a **$22 million** charge recorded in business consolidation and other activities[243](index=243&type=chunk) [Financial Statements and Supplementary Data](index=67&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents Ball's audited consolidated financial statements for 2023, 2022, and 2021, with an unqualified audit opinion [Report of Independent Registered Public Accounting Firm](index=67&type=section&id=Item%208.%20Financial%20Statements-Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) PwC issued an unqualified opinion on Ball's financial statements and internal controls, noting aerospace revenue recognition as a critical audit matter - The auditor, PricewaterhouseCoopers LLP, issued an **unqualified (clean) opinion** on the financial statements and the company's internal control over financial reporting[246](index=246&type=chunk) - A **Critical Audit Matter** was identified related to revenue recognition for aerospace fixed-price contracts, due to the significant judgment required by management to estimate costs at completion[255](index=255&type=chunk)[256](index=256&type=chunk) [Consolidated Financial Statements](index=71&type=section&id=Item%208.%20Financial%20Statements-Consolidated%20Financial%20Statements) Key 2023 financial data includes **$14.03 billion** net sales, **$707 million** net earnings, and **$1.86 billion** cash from operations Key Financial Statement Data for FY 2023 | Financial Statement | Metric | Value (in millions) | | :--- | :--- | :--- | | **Statement of Earnings** | Net Sales | $14,029 | | | Net Earnings Attributable to Ball | $707 | | | Diluted EPS | $2.23 | | **Balance Sheet (Year-End)** | Total Assets | $19,303 | | | Total Liabilities | $15,466 | | | Total Equity | $3,837 | | **Cash Flow Statement** | Net Cash from Operating Activities | $1,863 | [Notes to the Consolidated Financial Statements](index=76&type=section&id=Item%208.%20Financial%20Statements-Notes%20to%20the%20Consolidated%20Financial%20Statements) Notes detail the **$5.6 billion** aerospace divestiture, major customers, **$8.36 billion** long-term debt, and pension plan status - The aerospace business was sold to BAE Systems for **$5.6 billion** on February 16, 2024, resulting in an estimated pre-tax gain of **$4.8 billion**[354](index=354&type=chunk) - Major customers in 2023 included the U.S. Government (**14%** of sales), Anheuser-Busch InBev (**13%**), and Coca-Cola Bottlers' Sales & Services Company LLC (**11%**)[345](index=345&type=chunk) - In November 2023, the U.K. defined benefit pension plan entered into a bulk annuity purchase ('buy-in') agreement, transferring significantly all plan assets to an insurer to reduce risk, with a fair value of **$1.94 billion**[455](index=455&type=chunk)[456](index=456&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=146&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reported no changes in or disagreements with its accountants on accounting and financial disclosure - There were no matters required to be reported under this item[501](index=501&type=chunk) [Controls and Procedures](index=146&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of December 31, 2023[501](index=501&type=chunk) - Management concluded that internal control over financial reporting was effective as of December 31, 2023, based on the **COSO framework**[502](index=502&type=chunk) [Other Information](index=146&type=section&id=Item%209B.%20Other%20Information) The company reported no matters under this item - There were no matters required to be reported under this item[504](index=504&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=146&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) The company reported no matters under this item - There were no matters required to be reported under this item[504](index=504&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=147&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section lists key executive officers and incorporates further governance information by reference from the proxy statement - Daniel W. Fisher serves as Chairman and Chief Executive Officer[507](index=507&type=chunk) - Howard H. Yu serves as Executive Vice President and Chief Financial Officer[512](index=512&type=chunk) - Further information regarding directors and corporate governance is incorporated by reference from the company's proxy statement to be filed within 120 days after December 31, 2023[513](index=513&type=chunk) [Executive Compensation](index=147&type=section&id=Item%2011.%20Executive%20Compensation) All information regarding executive compensation is incorporated by reference from the company's proxy statement - The information required by this item is incorporated by reference from the company's proxy statement[514](index=514&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=149&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) This section incorporates security ownership information by reference and details equity compensation plan securities Equity Compensation Plan Information | Plan Category | Securities to be Issued Upon Exercise | Weighted-Average Exercise Price | Securities Remaining for Future Issuance | | :--- | :--- | :--- | :--- | | Approved by security holders | 8,905,005 | $55.48 | 11,286,918 | | Not approved by security holders | — | — | — | | **Total** | **8,905,005** | **$55.48** | **11,286,918** | [Certain Relationships and Related Transactions, and Director Independence](index=149&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) All information regarding related party transactions and director independence is incorporated by reference from the proxy statement - The information required by this item is incorporated by reference from the company's proxy statement[517](index=517&type=chunk) [Principal Accountant Fees and Services](index=149&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) All information regarding principal accountant fees and services is incorporated by reference from the company's proxy statement - The information required by this item is incorporated by reference from the company's proxy statement[518](index=518&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=150&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists financial statements and exhibits, including the Stock Purchase Agreement for the aerospace business divestiture - The financial statements are included in Part II, Item 8, and financial statement schedules have been omitted[520](index=520&type=chunk)[521](index=521&type=chunk) - A key exhibit filed is the **Stock Purchase Agreement**, dated August 16, 2023, for the sale of the aerospace business to BAE Systems, Inc.[519](index=519&type=chunk) [Form 10-K Summary](index=157&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company states that this item is not applicable - Not applicable[531](index=531&type=chunk)
Ball Completes Sale of Aerospace Business
Prnewswire· 2024-02-16 15:10
Core Points - Ball Corporation has completed the sale of its aerospace business for approximately $5.6 billion, which is subject to customary closing adjustments [1] - The company plans to utilize around $4.5 billion of after-tax cash proceeds to reduce leverage, return value to shareholders, and enhance financial flexibility while focusing on sustainability through aluminum packaging solutions [2] - Approximately $2 billion of the after-tax proceeds will be allocated to reduce net debt, another $2 billion for share repurchases, and the remaining proceeds will be used to strengthen the balance sheet [3] Company Overview - Ball Corporation is a leading producer of sustainable aluminum packaging solutions for beverage, personal care, and household products, employing 16,000 people worldwide and reporting net sales of $14.03 billion in 2023 [4]
Why Ball (BALL) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-02-15 15:40
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [2][3][4] - Value Score identifies undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score emphasizes a company's financial health and future growth potential based on earnings and sales projections [3] - Momentum Score focuses on trends in stock price and earnings estimates to identify optimal buying opportunities [3] - VGM Score combines all three styles to highlight stocks with the best overall potential [4] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to guide investors in stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for optimal investment potential [6] - A stock with a lower Zacks Rank, even with high Style Scores, may still present risks due to a declining earnings outlook [6] Company Spotlight: Ball Corporation - Ball Corporation, based in Broomfield, CO, is a leading supplier of metal packaging for various industries and also provides aerospace technologies [7] - The company holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating solid performance potential [7] - Ball Corporation's Value Style Score is B, supported by a forward P/E ratio of 19.62, making it attractive for value investors [7] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate now at $3.16 per share, alongside an average earnings surprise of 11.7% [7]
Ball Corporation to Present at 2024 Barclays Industrial Select Conference
Prnewswire· 2024-02-14 21:20
WESTMINSTER, Colo., Feb. 14, 2024 /PRNewswire/ -- Ball Corporation (NYSE: BALL), one of the world's leading suppliers of aluminum packaging and aerospace technologies, will speak to the investment community at the 2024 Barclays Industrials Select Conference, on Wednesday, February 21, 2024. Daniel W. Fisher, chairman and chief executive officer, and Howard H. Yu, executive vice president and chief financial officer, are scheduled to speak at 9:45 a.m. Eastern time. To listen to the presentation via live web ...