Ardagh Metal Packaging (AMBP) Scheduled to Post Quarterly Earnings on Thursday

Ardagh Metal Packaging (NYSE:AMBP) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Ardagh Metal Packaging to post earnings of $0.01 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, analysts expect Ardagh Metal Packaging to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ardagh Metal Packaging Stock Performance

AMBP opened at $3.63 on Tuesday. Ardagh Metal Packaging has a twelve month low of $2.57 and a twelve month high of $4.29. The stock has a market cap of $2.17 billion, a PE ratio of -30.21, a price-to-earnings-growth ratio of 0.70 and a beta of 0.75. The business’s 50 day moving average is $3.47 and its 200-day moving average is $3.54. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 34.34.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 11.03%. The ex-dividend date of this dividend was Tuesday, March 12th. Ardagh Metal Packaging’s payout ratio is currently -333.33%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Truist Financial reiterated a “hold” rating and set a $3.00 price objective (down previously from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Barclays lowered Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 target price on the stock. in a research report on Monday, January 8th. UBS Group started coverage on Ardagh Metal Packaging in a research report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. Bank of America cut shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $4.10 to $3.50 in a report on Monday, April 1st. Finally, Wells Fargo & Company upped their price target on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Ardagh Metal Packaging has a consensus rating of “Hold” and a consensus price target of $4.31.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.