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Ball Declares Dividend of $0.13 Per Share

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Price movement

Ball (BLL) has a market cap of $10.1 billion. It fell by 0.45% to close at $71.15 per share on July 27, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.86%, 4.1%, and -1.8%, respectively, on the same day. BLL is trading 0.31% above its 20-day moving average, 0.84% below its 50-day moving average, and 2.0% above its 200-day moving average.

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Related ETF and peers

The Vanguard Mid-Cap ETF (VO) invests 0.28% of its holdings in Ball. The ETF tracks the CRSP US Mid-Cap Index, a diversified index of midcap US companies. The YTD price movement of VO was 7.7% on July 27.

The market cap of Ball’s competitors are as follows:

  • Boeing (BA) — $86.7 billion
  • Alcoa (AA) — $14.2 billion
  • Crown Holdings (CCK) — $7.5 billion

Ball declares dividend

Ball Corporation has declared a cash dividend of $0.13 per share on its common stock. The dividend will be paid on September 15, 2016, to shareholders of record as of September 1, 2016.

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Ball’s performance in fiscal 1Q16

Ball (BLL) reported fiscal 1Q16 net sales of ~$1.8 billion, a fall of 8.7% from the net sales of ~$1.9 billion in fiscal 1Q15. From fiscal 1Q15, the company’s 1Q16 sales of metal beverage packaging in the Americas and Asia, metal beverage packaging in Europe, metal food and household products packaging, and aerospace and technologies segments fell by 8.4%, 6.1%, 7.8%, and 16.3%, respectively.

The company reported business consolidation and other activity expenses of $267.0 million, compared with $52.0 million in fiscal 1Q15. Its net income and EPS (earnings per share) fell to -$127.0 million and -$0.90, respectively, in fiscal 1Q16 from $28.0 million and $0.15 in fiscal 1Q15.

In fiscal 1Q16, Ball’s cash and cash equivalents and inventories fell by 10.5% and 7.5%, respectively, from fiscal 1Q15. Its current ratio fell to 1.0x and its long-term DE (debt-to-equity) ratio rose to 5.0x, compared with 1.2x and 2.7x, respectively, in fiscal 1Q15. In the next part, we’ll take a look at Coach.

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