Revenue Update on Berry Plastics Group Inc(NYSE:BERY)

Berry Plastics Group Inc(NYSE:BERY) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $1.65B. Analysts estimated a revenue of $1.67B. Earnings per share were $0.82. Analysts had estimated an EPS of $0.61.

In a different note, On Jul 19, 2016, Citigroup said it Maintains its rating on Berry Plastics Group Inc. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Buy’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on Berry Plastics Group Inc, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Neutral’ by the firm. Barclays said it Initiates Coverage on Berry Plastics Group Inc, according to a research note issued on Jun 15, 2016. The shares have been rated ‘Overweight’ by the firm. On Jun 1, 2016, Goldman Sachs said it Assumes its rating on Berry Plastics Group Inc. The shares have been rated ‘Buy’ by the firm. Goldman Sachs said it Initiates Coverage on Berry Plastics Group Inc, according to a research note issued on May 12, 2016. The shares have been rated ‘Buy’ by the firm.

Berry Plastics Group Inc (BERY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.23% or 0.1 points. Due to strong positive momentum, the stock ended at $42.98, which is also near the day’s high of $43.14. The stock began the session at $42.93 and the volume stood at 8,17,570 shares. The 52-week high of the shares is $43.67 and the 52 week low is $27.79. The company has a current market capitalization of $5,226 M and it has 12,16,00,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Curt Begle (President) sold 16,143 shares at $40.25 per share price.Also, On May 25, 2016, Jason K. Greene (EVP – Chief Legal Officer) sold 6,314 shares at $39.02 per share price.On May 25, 2016, Mark W Miles (Chief Financial Officer) sold 10,000 shares at $38.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Berry Plastics Group Inc. is engaged in providing plastic consumer packaging and engineered materials. The Company’s products include drink cups thin-wall containers bottles specialty closures prescription vials specialty films adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top which sells primarily containers foodservice items closures overcaps bottles prescription containers and tubes; Engineered Materials which sells pipeline corrosion protection solutions tapes and adhesives PE (polyethylene)-based film products and can liners; and Flexible Packaging which sells high barrier multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets such as food and beverage healthcare and personal care.

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