Ardagh Group S.A. Declares Quarterly Dividend of $0.14 (NYSE:ARD)
Ardagh Group S.A. (NYSE:ARD) announced a quarterly dividend on Friday, July 28th, NASDAQ reports. Investors of record on Thursday, August 17th will be given a dividend of 0.14 per share on Thursday, August 31st. This represents a $0.56 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, August 15th.
Ardagh Group (NYSE:ARD) traded down 0.87% during midday trading on Thursday, hitting $21.68. 273,440 shares of the company traded hands. Ardagh Group has a 12-month low of $0.09 and a 12-month high of $24.54. The stock’s 50-day moving average is $21.07 and its 200-day moving average is $21.72. The firm’s market capitalization is $5.12 billion.
Ardagh Group (NYSE:ARD) last announced its earnings results on Thursday, July 27th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.24. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. The business’s revenue for the quarter was up 57.8% compared to the same quarter last year. Analysts anticipate that Ardagh Group will post $1.77 EPS for the current fiscal year.
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A number of analysts have commented on the stock. Barclays PLC reiterated an “equal weight” rating and issued a $22.00 price target on shares of Ardagh Group in a research note on Wednesday, April 12th. Davy Research reiterated an “outperform” rating and issued a $23.50 price target on shares of Ardagh Group in a research note on Wednesday, April 12th. BMO Capital Markets assumed coverage on shares of Ardagh Group in a research note on Monday, June 19th. They issued a “market perform” rating and a $26.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Ardagh Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.50.
Ardagh Group Company Profile
Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.
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