$0.31 EPS Expected for Ardagh Group SA (NYSE:ARD) This Quarter

Equities analysts expect Ardagh Group SA (NYSE:ARD) to post earnings per share of $0.31 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ardagh Group’s earnings, with estimates ranging from $0.28 to $0.33. Ardagh Group posted earnings of $0.48 per share during the same quarter last year, which would suggest a negative year over year growth rate of 35.4%. The company is scheduled to report its next quarterly earnings results on Thursday, July 23rd.

On average, analysts expect that Ardagh Group will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.38 to $1.50. For the next financial year, analysts expect that the company will post earnings of $1.59 per share, with EPS estimates ranging from $1.57 to $1.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Ardagh Group.

Ardagh Group (NYSE:ARD) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. Ardagh Group had a negative return on equity of 47.16% and a net margin of 19.47%.

Several equities analysts have recently commented on ARD shares. Zacks Investment Research lowered Ardagh Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 23rd. Wells Fargo & Co cut their price objective on Ardagh Group from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, May 19th. Barclays cut their price objective on Ardagh Group from $22.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Deutsche Bank cut their price objective on Ardagh Group from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Ardagh Group from $19.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, April 15th. Four analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.86.

Shares of Ardagh Group stock opened at $12.73 on Friday. Ardagh Group has a 52 week low of $9.20 and a 52 week high of $21.54. The business’s fifty day simple moving average is $12.47 and its 200-day simple moving average is $15.60. The firm has a market cap of $237.54 million, a PE ratio of 7.15 and a beta of 1.28.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a $0.15 dividend. The ex-dividend date was Tuesday, June 2nd. This is a boost from Ardagh Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.71%.

A number of institutional investors have recently bought and sold shares of ARD. Natixis Advisors L.P. raised its stake in shares of Ardagh Group by 4.1% during the 4th quarter. Natixis Advisors L.P. now owns 32,755 shares of the company’s stock worth $641,000 after buying an additional 1,292 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Ardagh Group by 12.4% during the 1st quarter. Rhumbline Advisers now owns 14,335 shares of the company’s stock worth $170,000 after buying an additional 1,586 shares in the last quarter. Citigroup Inc. raised its stake in shares of Ardagh Group by 52.2% during the 4th quarter. Citigroup Inc. now owns 4,692 shares of the company’s stock worth $92,000 after buying an additional 1,610 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Ardagh Group by 4.8% during the 4th quarter. Bank of New York Mellon Corp now owns 37,826 shares of the company’s stock worth $740,000 after buying an additional 1,722 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Ardagh Group during the 1st quarter worth approximately $41,000. 87.03% of the stock is owned by institutional investors.

Ardagh Group Company Profile

Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.

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