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Ball Corporation Declared Dividend of $0.13 per Share

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Price movement

Ball Corporation (BLL) has a market cap of $13.5 billion. It rose 0.38% and closed at $76.75 per share on January 25, 2017. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -0.30%, 0.39%, and 2.2%, respectively, on the same day. Ball Corporation is trading 0.75% above its 20-day moving average, 0.89% above its 50-day moving average, and 1.8% above its 200-day moving average.

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Related ETF and peers

The Vanguard Mid-Cap ETF (VO) invests 0.33% of its holdings in Ball Corporation. VO’s YTD price movement was 3.9% on January 25.

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

  • Boeing (BA) – $105.9 billion
  • Crown Holdings (CCK) – $7.7 billion
  • Alcoa (AA) – $6.6 billion

Ball Corporation declared a dividend

Ball Corporation declared a cash dividend of $0.13 per share on its common stock. The dividend will be paid on March 15, 2017, to shareholders of record as of March 1, 2017.

Performance in 3Q16

Ball Corporation reported 3Q16 net sales of $2.8 billion—rise of 33.3% compared to net sales of $2.1 billion in 3Q15. Sales in its Beverage Packaging of North and Central America, Beverage Packaging of Europe, and Beverage Packaging of South America segments rose 31.5%, 52.7%, and 137.3%, respectively. Sales of the Food and Aerosol Packaging segment fell 11.6% in 3Q16—compared to 3Q15.

The company’s EBIT[1. earnings before interest and tax] margin rose by 50 basis points in 3Q16—compared to 3Q15. It reported adjusted EPS of $0.96 in 3Q16—a fall of 12.7% compared to 3Q15.

Ball Corporation’s cash and cash equivalents and net inventories rose 164.3% and 61.9%, respectively, in 3Q16—compared to 3Q15. Its current ratio rose to 1.4x and its long-term debt-to-equity ratio fell to 2.0x in 3Q16—compared to 1.0x and 2.3x, respectively, in 3Q15.

In the next part, we’ll look at Constellation Brands (STZ).

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