Ardagh Metal Packaging (NYSE:AMBP) Issues Quarterly Earnings Results, Meets Estimates

Ardagh Metal Packaging (NYSE:AMBP) announced its quarterly earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01, Briefing.com reports. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. Ardagh Metal Packaging’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS.

Ardagh Metal Packaging Trading Up 1.0 %

AMBP traded up $0.04 during trading on Friday, reaching $4.05. 2,734,947 shares of the company’s stock were exchanged, compared to its average volume of 1,235,018. The stock has a market capitalization of $2.42 billion, a PE ratio of -34.00, a price-to-earnings-growth ratio of 0.75 and a beta of 0.75. The firm has a fifty day moving average price of $3.47 and a two-hundred day moving average price of $3.55. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 34.34. Ardagh Metal Packaging has a one year low of $2.57 and a one year high of $4.29.

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.40 dividend on an annualized basis and a yield of 9.88%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. UBS Group started coverage on Ardagh Metal Packaging in a research note on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target on the stock. Truist Financial reaffirmed a “hold” rating and set a $3.00 price objective (down from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. Morgan Stanley started coverage on shares of Ardagh Metal Packaging in a research note on Monday, March 18th. They set an “underweight” rating and a $3.20 target price for the company. Finally, Barclays lowered shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Ardagh Metal Packaging has an average rating of “Hold” and a consensus price target of $4.31.

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.