Ardagh Metal Packaging (AMBP) Projected to Post Quarterly Earnings on Thursday

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) is projected to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Ardagh Metal Packaging to post earnings of $0.01 per share and revenue of $1.17 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. 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 Up 2.1 %

AMBP stock traded up $0.06 during midday trading on Friday, hitting $2.70. 1,253,790 shares of the company traded hands, compared to its average volume of 1,473,599. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.26. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -22.46, 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 $2.81 and a 200-day simple moving average of $3.15.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 14.84%. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -800.00%.

Analyst Upgrades and Downgrades

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

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.