Ardagh Metal Packaging (AMBP) to Release 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. Ardagh Metal Packaging’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm 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 Trading Up 3.9 %

Shares of NYSE:AMBP opened at $3.63 on Tuesday. Ardagh Metal Packaging has a 1 year low of $2.57 and a 1 year high of $4.29. The firm has a fifty day moving average price of $3.47 and a 200 day moving average price of $3.54. The stock has a market capitalization of $2.17 billion, a PE ratio of -30.21, a P/E/G ratio of 0.70 and a beta of 0.75. 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date of this dividend was Tuesday, March 12th. Ardagh Metal Packaging’s payout ratio is -333.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial reiterated a “hold” rating and issued a $3.00 target price (down from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Bank of America lowered shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $4.10 to $3.50 in a research report on Monday, April 1st. Morgan Stanley initiated coverage on shares of Ardagh Metal Packaging in a report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price target for the company. Barclays cut shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 target price for the company. in a research note on Monday, January 8th. Finally, Wells Fargo & Company upped their price target on Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently 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.