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

Ardagh Metal Packaging (NYSE:AMBP) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Ardagh Metal Packaging to post earnings of $0.07 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. Ardagh Metal Packaging’s revenue for the quarter was up .3% compared to the same quarter last year. 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

Shares of AMBP stock opened at $3.97 on Thursday. Ardagh Metal Packaging has a 1-year low of $2.57 and a 1-year high of $4.17. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -28.32, a P/E/G ratio of 0.79 and a beta of 0.62. The stock’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.66.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 10.09%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -285.71%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMBP shares. Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $4.25 to $5.00 in a research note on Tuesday. Citigroup upped their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, UBS Group downgraded Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $5.00 to $3.75 in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.85.

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.