Ardagh Metal Packaging (AMBP) to Release Quarterly Earnings on Thursday

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $0.04 EPS. The company'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 4.3 %

Shares of NYSE:AMBP traded up $0.17 during trading on Thursday, reaching $4.14. 1,970,851 shares of the stock were exchanged, compared to its average volume of 1,338,900. Ardagh Metal Packaging has a 12-month low of $2.57 and a 12-month high of $4.17. The firm's 50-day moving average price is $3.59 and its 200 day moving average price is $3.66. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.66 and a current ratio of 0.95. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of -29.57, a price-to-earnings-growth ratio of 0.79 and a beta of 0.62.

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.66%. The ex-dividend date of this dividend was Thursday, September 12th. Ardagh Metal Packaging's payout ratio is currently -285.71%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $4.25 to $5.00 in a research report on Tuesday. Citigroup upped their target price on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Bank of America upgraded Ardagh Metal Packaging from an "underperform" rating to a "buy" rating and raised their target price for the company from $3.80 to $5.10 in a report on Thursday. Finally, UBS Group cut Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $5.00 to $3.75 in a report on Wednesday, July 17th. One investment 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. According to MarketBeat, Ardagh Metal Packaging 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.