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

Ardagh Metal Packaging (NYSE:AMBP) released its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01, Briefing.com reports. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 81.02%. The firm 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 firm earned $0.04 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis.

Ardagh Metal Packaging Trading Down 0.5 %

NYSE AMBP opened at $3.64 on Friday. The company has a fifty day simple moving average of $3.69 and a two-hundred day simple moving average of $3.65. Ardagh Metal Packaging has a 12-month low of $2.57 and a 12-month high of $4.17. The company has a quick ratio of 0.61, a current ratio of 0.95 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.99%. Ardagh Metal Packaging’s dividend payout ratio is currently -285.69%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMBP. UBS Group downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.00 to $3.75 in a research note on Wednesday, July 17th. Citigroup dropped their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Bank of America cut shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $4.10 to $3.50 in a research report on Monday, April 1st. Finally, Wells Fargo & Company increased their target price on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an “equal weight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.67.

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.