Shares of Ball Corporation (NYSE:BLL) reached a new 52-week high of $41.53 on Jun 1, eventually closing trade at $41.42. The stock has been gaining momentum since reporting upbeat earnings results for first-quarter 2017 on May 4.
The company has a market cap of $14.54 billion. Ball Corporation has long-term estimated earnings per share growth rate of 12%.
Moreover, this metal and plastic packaging manufacturer for beverages and foods, has gained 10.9%, outperforming the Zacks categorized Containers-Metal/Glass industry’s gain of 5.9%. Average volume of shares traded in the last three months was approximately 1.45 million.
What’s Driving it Upward?
The upsurge in the stock price reflects its positive earnings momentum. We have observed that Ball Corporation has beaten the Zacks Consensus Estimate in the last four quarters, registering an average positive surprise of 5.61%. In the last reported quarter, earnings per share outdid the Zacks Consensus Estimate by 11.76%.
Ball Corporation Price and Consensus
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