- Comparable EPS: 74 cents, beating the estimate of 70 cents.
- Net Sales: $2.96 billion, below the estimate of $3.1 billion.
- Beverage Packaging Net Sales:
- North & Central America: $1.47 billion, below the estimate of $1.53 billion.
- EMEA: $880 million, below the estimate of $936.4 million.
- South America: $422 million, slightly below the estimate of $425 million.
- Beverage Packaging Comparable Operating Earnings:
- North & Central America: $210 million, beating the estimate of $199.2 million.
- EMEA: $113 million, beating the estimate of $104.1 million.
- South America: $37 million, below the estimate of $49.8 million.
- Shareholder Returns: Company aims to return over $1.6 billion to shareholders in 2024.
- Analyst Recommendations: 9 buys, 10 holds, 1 sell.
Ball on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely covering Ball Corporation’s latest developments. In their report “Ball Corporation: A Story Of Market Dominance & Adaptive Approach! – Major Drivers,” Baptista Research points out the company’s strong operating results in the fourth quarter and throughout 2023. They highlight the company’s strategic decisions, including the sale of its aerospace business and adjustments in its manufacturing footprint, which have contributed to a free cash flow of $818 million. This positive sentiment indicates a bullish outlook on Ball Corporation’s performance and future prospects.
A look at Ball Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Ball Corporation shows a moderate outlook for Value, with a score of 3, indicating stable performance in this area. However, the company’s scores for Dividend and Growth are rated as 2, suggesting room for improvement in these aspects. In terms of Resilience and Momentum, Ball scores a 3, reflecting a decent level of resilience and momentum.
Ball Corporation is a global provider of metal packaging solutions for various industries, including beverages, foods, and household products. Additionally, the company offers aerospace technologies and services to both commercial and governmental clients. With a mixed rating across different factors, Ball’s long-term prospects may be influenced by its ability to enhance dividend payouts and drive growth in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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