Ardagh Metal Packaging (AMBP) Set to Announce Earnings on Thursday

Ardagh Metal Packaging (NYSE:AMBP) will 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 interested in listening to the company’s earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. 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 Up 2.2 %

AMBP stock opened at $3.71 on Wednesday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -30.92, a PEG 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 has a 12 month low of $2.57 and a 12 month high of $4.29. The firm has a 50-day moving average of $3.47 and a two-hundred day moving average of $3.55.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.10 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 10.78%. Ardagh Metal Packaging’s payout ratio is -333.33%.

Analyst Ratings Changes

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