Ardagh Metal Packaging S.A. (NYSE:AMBP) to Issue Quarterly Dividend of $0.10

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.10 per share on Thursday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 10.78%. The ex-dividend date is Thursday, December 5th.

Ardagh Metal Packaging has a payout ratio of 173.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ardagh Metal Packaging to earn $0.22 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 181.8%.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock traded down $0.20 during midday trading on Friday, reaching $3.71. The stock had a trading volume of 2,185,000 shares, compared to its average volume of 1,348,179. The firm has a market capitalization of $2.22 billion, a PE ratio of -27.00, a P/E/G ratio of 0.79 and a beta of 0.62. Ardagh Metal Packaging has a 12 month low of $2.80 and a 12 month high of $4.26. 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 firm's 50-day moving average price is $3.69 and its 200 day moving average price is $3.68.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. As a group, research analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMBP shares. Bank of America raised shares of Ardagh Metal Packaging from an "underperform" rating to a "buy" rating and upped their price target for the stock from $3.80 to $5.10 in a report on Thursday, October 17th. Wells Fargo & Company raised Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. Citigroup lifted their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Finally, UBS Group cut shares of Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of "Hold" and a consensus price target of $4.08.

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.