Ardagh Metal Packaging (AMBP) to Release 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 registering for the company’s earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. 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 Down 2.9 %

AMBP opened at $3.36 on Thursday. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99. Ardagh Metal Packaging has a one year low of $2.57 and a one year high of $4.29. The business’s fifty day moving average is $3.48 and its two-hundred day moving average is $3.53. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -28.00, a PEG ratio of 0.67 and a beta of 0.75.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were given a $0.10 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 11.90%. Ardagh Metal Packaging’s dividend payout ratio is currently -333.33%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMBP shares. Barclays downgraded Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective on the stock. in a research report on Monday, January 8th. Morgan Stanley started coverage on Ardagh Metal Packaging in a research report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price objective on the stock. Truist Financial restated a “hold” rating and issued a $3.00 price objective (down from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. Wells Fargo & Company upped their price objective on Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, UBS Group began coverage on Ardagh Metal Packaging in a research report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned 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.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in Ardagh Metal Packaging by 43.1% during the second quarter. UBS Group AG now owns 6,028 shares of the company’s stock worth $37,000 after acquiring an additional 1,815 shares during the last quarter. MetLife Investment Management LLC increased its stake in Ardagh Metal Packaging by 66.8% during the second quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock worth $32,000 after acquiring an additional 3,359 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ardagh Metal Packaging by 2,026.7% during the fourth quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock worth $41,000 after acquiring an additional 8,046 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Ardagh Metal Packaging during the third quarter worth about $49,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Ardagh Metal Packaging during the first quarter worth about $43,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Company Profile

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.