Ardagh Metal Packaging S.A. (AMBP) to Distribute Quarterly Dividend of $0.10 on May 15th

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Thursday, April 24th, RTT News reports. Stockholders of record on Monday, May 5th will be paid a dividend of 0.10 per share on Thursday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date is Monday, May 5th.

Ardagh Metal Packaging has a dividend payout ratio of 181.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ardagh Metal Packaging to earn $0.20 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 200.0%.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $3.77 on Friday. Ardagh Metal Packaging has a 1 year low of $2.50 and a 1 year high of $4.26. The firm has a market capitalization of $2.25 billion, a PE ratio of -31.41, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54. The business has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $3.13.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. On average, equities research analysts expect that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

AMBP has been the subject of several recent research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $3.60 to $3.10 in a report on Monday, January 13th. UBS Group lowered their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Citigroup reduced their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus price target of $3.44.

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.