Ardagh Metal Packaging (AMBP) Set to Announce Earnings on Thursday

Ardagh Metal Packaging (NYSE:AMBP) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Ardagh Metal Packaging to post earnings of $0.01 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $0.05 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up 5.2% 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 Price Performance

Shares of AMBP opened at $3.71 on Wednesday. Ardagh Metal Packaging has a 12-month low of $2.57 and a 12-month high of $4.29. The business has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $3.55. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 34.34. The stock has a market cap of $2.22 billion, a PE ratio of -30.92, a PEG ratio of 0.70 and a beta of 0.75.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.10 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 10.78%. Ardagh Metal Packaging’s payout ratio is presently -333.33%.

Wall Street Analysts Forecast Growth

AMBP has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Morgan Stanley initiated coverage on Ardagh Metal Packaging in a research note on Monday, March 18th. They issued an “underweight” rating and a $3.20 price target for the company. Bank of America cut Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $4.10 to $3.50 in a research note on Monday, April 1st. Truist Financial reissued a “hold” rating and issued a $3.00 price target (down previously from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Finally, Barclays cut Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target for the company. in a research note on Monday, January 8th. Two research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.