Ardagh Metal Packaging (NYSE:AMBP) Announces Earnings Results

Ardagh Metal Packaging (NYSE:AMBP) released its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01, Briefing.com reports. 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 $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $0.01 EPS. Ardagh Metal Packaging’s quarterly revenue was up .9% compared to the same quarter last year.

Ardagh Metal Packaging Stock Up 1.5 %

NYSE:AMBP traded up $0.06 during trading hours on Friday, reaching $4.07. The company’s stock had a trading volume of 1,331,488 shares, compared to its average volume of 1,216,950. The stock has a 50 day moving average price of $3.47 and a two-hundred day moving average price of $3.55. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99. Ardagh Metal Packaging has a 12 month low of $2.57 and a 12 month high of $4.29. The company has a market capitalization of $2.43 billion, a P/E ratio of -34.00, a price-to-earnings-growth ratio of 0.75 and a beta of 0.75.

Ardagh Metal Packaging Dividend Announcement

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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.83%. The ex-dividend date is Wednesday, June 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

Wall Street Analyst Weigh In

AMBP has been the topic of a number of research analyst reports. UBS Group assumed coverage on Ardagh Metal Packaging in a report on Tuesday, January 16th. They set a “buy” rating and a $5.00 target price on the stock. Wells Fargo & Company increased their target price 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. Bank of America cut Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $4.10 to $3.50 in a report on Monday, April 1st. Barclays cut Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a report on Monday, January 8th. Finally, Truist Financial reissued a “hold” rating and set a $3.00 price target (down from $4.00) on shares of Ardagh Metal Packaging in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ardagh Metal Packaging has a consensus rating of “Hold” and an average price target of $4.31.

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.