Ball Corporation (BLL): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report

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Summary:
We are maintaining our Neutral recommendation on Ball Corporation with a target price of $66. The company's adjusted earnings improved 10% year over year to $1.10 per share. Total revenue, however, declined 1.7% year over year due to weaker demand. Ball Corp. revised its free cash flow guidance for 2014 and now expects it to exceed $600 million. It has maintained its long-term earnings per share growth goal of 10% 15%. Ball Corporation will continue to benefit from a continued focus on cost containment, product launches and expansion in the emerging markets. However, uncertainty in the global economic scenario, manufacturing challenges and tough volume comparisons remain headwinds.

Overview:

Headquartered in Broomfield, Colo., Ball Corporation is a manufacturer of metal and plastic packaging, primarily for beverages and foods. It also supplies aerospace and other technologies and services to government and commercial customers. The company employs around 15,000 people worldwide and organizes its businesses in 4 segments:

The Metal Beverage Packaging, Americas & Asia segment (49% of total revenue in 2013) consists of operations located in the U.S., Canada, Brazil, and People's Republic of China (PRC). In the U.S., Canada and Brazil, the company manufactures metal container products used primarily in beverage packaging. Ball's Chinese operations manufacture metal beverage containers as well as aluminum containers and ends.

The Metal Beverage Packaging, Europe segment (22%) deals with the company's operations in Europe. The segment supplies two-piece metal beverage containers and ends for producers of carbonated soft drinks, beer, energy drinks and other beverages as well as extruded aluminum aerosol containers and aluminum slugs.

The Metal Food & Household Products Packaging, Americas segment (18%) is concerned with operations located in the U.S. and Canada, which manufacture metal container products used primarily in food packaging.

The Aerospace and Technologies segment (11%) includes national defense solutions, advanced technologies and products as well as civil and operational space businesses.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: BLL , PRC

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