Ardagh Group (ARD) Set to Announce Quarterly Earnings on Thursday

Ardagh Group (NYSE:ARD) will be issuing its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Shares of Ardagh Group (NYSE:ARD) opened at $18.00 on Thursday. Ardagh Group has a twelve month low of $17.43 and a twelve month high of $24.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Monday, February 26th.

ARD has been the subject of a number of recent research reports. Royal Bank of Canada set a $25.00 price objective on shares of Ardagh Group and gave the company a “buy” rating in a report on Monday, October 30th. BMO Capital Markets raised shares of Ardagh Group from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Monday, October 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Ardagh Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, October 19th. Finally, ValuEngine downgraded shares of Ardagh Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $24.15.

An institutional investor recently bought a new position in Ardagh Group stock. State Street Corp bought a new stake in Ardagh Group SA (NYSE:ARD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 68,702 shares of the company’s stock, valued at approximately $1,552,000. Institutional investors own 87.37% of the company’s stock.

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Ardagh Group Company Profile

Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.

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