Ardagh Metal Packaging (AMBP) to Release Earnings on Thursday

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

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s quarterly revenue 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 Trading Up 0.8 %

NYSE AMBP opened at $4.21 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. The stock’s 50-day simple moving average is $3.65 and its two-hundred day simple moving average is $3.67. Ardagh Metal Packaging has a twelve month low of $2.57 and a twelve month high of $4.26. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -30.07, a PEG ratio of 0.79 and a beta of 0.62.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.51%. Ardagh Metal Packaging’s dividend payout ratio is -285.71%.

Wall Street Analysts Forecast Growth

AMBP has been the subject of several research reports. UBS Group lowered Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and cut their target price for the stock from $5.00 to $3.75 in a research note on Wednesday, July 17th. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. Bank of America upgraded shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $3.80 to $5.10 in a research report on Thursday, October 17th. Finally, Citigroup upped their price target on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.08.

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.