Ardagh Metal Packaging (NYSE:AMBP) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

Ardagh Metal Packaging Stock Performance

AMBP traded down $0.02 during trading on Monday, reaching $2.85. The stock had a trading volume of 1,311,223 shares, compared to its average volume of 1,510,903. The business has a 50-day moving average of $2.80 and a 200-day moving average of $3.34. Ardagh Metal Packaging has a one year low of $2.50 and a one year high of $4.26. The stock has a market cap of $1.70 billion, a PE ratio of -23.75, a PEG ratio of 0.54 and a beta of 0.64.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 14.04%. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -800.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Citigroup reduced their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Bank of America downgraded Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. Finally, UBS Group decreased their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Ardagh Metal Packaging currently has an average rating of "Hold" and an average target price of $3.44.

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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.