We detected dark pool activity in BERY stock in after-hours trading on December 27, 2019. The dark pool activity looks like a large buy order after the stock pulled back IMO.
A large options sweep call order was placed about 2 hours before these dark pool trades posted which suggests front-running of the dark pool order and that suggests the dark pool trades were possibly buy orders. Again, we’re just guessing about the dark pool orders and if they were buy orders but we often seeing either bullish or bearish sweep activity before a dark pool print.
BERY stock trades with an excellent P/S metric of 0.70, a P/E of 15.7, and a Forward P/E of 10.3. The company’s quarterly revenue growth YoY is an outstanding 41%.
On November 25, 2019, Citi analyst Anthony Pettinari moved Berry Global to his top pick in Paper & Packaging. He views the company’s deleveraging and continued reiteration of its 2020 guidance as key catalysts and his $64 price target implies 42% upside. The analyst keeps a Buy rating on the name.
On November 21, 2019, Berry Global Group, Inc. (NYSE:BERY) 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 reported Q4 adj. EPS of 90c versus the consensus estimate of 74c. The company reported Q4 revenue of $3.02B versus the consensus estimate of $3.12B.
Fourth Quarter Highlights
- Completed the acquisition of RPC Group Plc (“RPC”) on July 1, 2019
- Net sales up 47 percent to over $3.0 billion
- Operating income up 105 percent to $398 million
- Operating EBITDA up 44 percent to $497 million
- Net income per diluted share of $1.70 and adjusted net income per diluted share of $0.90
- Cash flow from operations up 41 percent to $630 million
- Free cash flow up 26 percent to $480 million