46.80 +0.10 (0.21%)
After hours: 4:26PM EST
|Bid||46.65 x 800|
|Ask||46.66 x 800|
|Day's Range||46.50 - 47.54|
|52 Week Range||36.98 - 59.16|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||15.57|
|Earnings Date||Jan 30, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.83|
Berry Global Group (BERY) prices first-priority senior secured notes offering. It intends to use net proceeds for repaying existing term loans and certain expenses of the issuer, Berry Global.
Berry Global Group's (BERY) wholly-owned subsidiary to begin senior secured notes offering. It intends to use net proceeds for repaying existing term loans and certain expenses of the issuer.
Moody's Investors Service ("Moody's") has assigned a Ba2 rating to the new E725 million notes issued by Berry Global Inc. Berry Global Group Inc.'s Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, instrument ratings and stable outlook remain unchanged. Strengths in Berry's credit profile include its considerable scale, some concentration of sales in relatively more stable end markets and good liquidity. Weaknesses in Berry's credit profile include some exposure to more cyclical end markets, certain weaknesses in contract structures with customers and aggressive financial policies including an acquisition strategy.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees in 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]
Berry Global (BERY) is likely to benefit from its business restructuring moves along with its RPC Global buyout. Cost of goods sold continues to escalate.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Berry Global Group Inc. New York, November 26, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Berry Global Group Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Investors in Berry Global Group, Inc. (NYSE:BERY) had a good week, as its shares rose 8.8% to close at US$45.02...
Berry Global's (BERY) fourth-quarter fiscal 2019 earnings remain flat year over year, whereas revenues increase primarily on account of gain from acquired assets.
Berry Global Group, Inc. today reported its fourth quarter and fiscal year 2019 results, referred to in the following as the September 2019 quarter and fiscal year 2019.
Berry Global (BERY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The companies boast a longtime partnership and focus on their shared values of sustainability and promotion of a circular economy. Earlier this year, Berry announced its sustainability strategy Impact 2025, and has pledged to design 100 percent of its packaging to be reusable, recyclable, or compostable by 2025. As part of this commitment and in support of circular economy, Berry is always advancing to utilize new and innovative methods to create more environmentally sustainable packaging.
Berry Global's (BERY) business unit plans to utilize cash on hand for the redemption of senior notes. The redemption will help the company to lower its debt-burden.
Berry Global Group, Inc. (“Berry” or the “Company”) (BERY) announced today that its wholly owned subsidiary, Berry Global, Inc., has elected to redeem $100 million aggregate principal amount of its 6.00 percent Second Priority Senior Secured Notes due 2022 (the “Notes”), in accordance with the optional redemption provisions provided in the indenture governing the Notes. The Notes will be redeemed on December 9, 2019 (the “Redemption Date”) at a redemption price of 101.500 percent of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to the Redemption Date. Following such redemption, Berry expects that $300 million in aggregate principal amount of the Notes will remain outstanding.
Realogy, Berry Global, Under Armour, Lululemon and VF highlighted as Zacks Bull and Bear of the Day
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Berry Global Group, Inc. (BERY) is pleased to announce its participation in the new recycling initiative, HolyGrail 2.0. The outcome of its predecessor, the Pioneer Project HolyGrail, led by Gian De Belder at Proctor & Gamble, was the identification of digital watermarking (specifically, Digimarc Barcode) as a promising technique to “tag” plastic substrates or print materials (shrink sleeve, IML label, or paper label) with an identity that could include attributes such as plastic type, product manufacturer, product SKU, food or non-food usage, and composition of multi-layer foils. Digimarc Barcode can be added to the printed label/sleeve artwork and/or embossed into the plastic itself.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Berry Global Group, Inc. (BERY), will report its fourth quarter and fiscal year 2019 results on Thursday, November 21, 2019, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company’s results and performance. The telephone numbers to access the conference call are (800) 305-1078 (domestic), or (703) 639-1173 (international), and use the conference ID 2835136.
Plastics maker Berry Global is looking to take advantage of white-hot demand for better-rated leveraged loans and reduce pricing on approximately US$2.03bn in debt as global volatility rippling through the market is causing investors to seek safety in higher-quality assets. Berry, rated Ba3 by Moody’s Investors Service and BB+ by S&P Global Ratings, or one notch below investment grade, is aiming to tighten the margin on a US$1.545bn facility maturing in 2022 and a US$487.5m transaction due in 2024 by 25bp to 200bp over Libor. Institutional investors have also received billions of dollars in loan repayments from double-B rated borrowers since August, including resort developer Las Vegas Sands and payment processor First Data, and are keen to redeploy this capital into similarly-rated debt.