Wall Street analysts expect Ardagh Group S.A. (NYSE:ARD) to post sales of $2.31 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ardagh Group’s earnings. The lowest sales estimate is $2.27 billion and the highest is $2.36 billion. Ardagh Group reported sales of $2.22 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 26th.

On average, analysts expect that Ardagh Group will report full year sales of $9.12 billion for the current year, with estimates ranging from $9.11 billion to $9.13 billion. For the next financial year, analysts anticipate that the business will report sales of $9.21 billion per share, with estimates ranging from $9.15 billion to $9.30 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Ardagh Group.

Ardagh Group (NYSE:ARD) last issued its earnings results on Thursday, April 26th. The company reported $0.33 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Ardagh Group had a negative return on equity of 31.18% and a net margin of 1.30%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year.

Several analysts recently issued reports on the company. ValuEngine downgraded Ardagh Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Ardagh Group from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Friday, February 2nd. Wells Fargo downgraded Ardagh Group from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Citigroup reduced their price target on Ardagh Group from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 5th. Finally, Barclays restated an “equal weight” rating and issued a $21.00 price target (down from $23.00) on shares of Ardagh Group in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Ardagh Group presently has a consensus rating of “Hold” and a consensus target price of $23.80.

Shares of NYSE ARD opened at $17.98 on Friday. The company has a market cap of $339.35 million, a PE ratio of 9.77, a price-to-earnings-growth ratio of 3.16 and a beta of -0.01. Ardagh Group has a 12 month low of $17.86 and a 12 month high of $18.08. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of -5.79.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.56 annualized dividend and a yield of 3.11%. Ardagh Group’s dividend payout ratio (DPR) is presently 30.43%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group raised its holdings in Ardagh Group by 24.2% in the 4th quarter. Schroder Investment Management Group now owns 1,043,891 shares of the company’s stock valued at $22,026,000 after acquiring an additional 203,387 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new position in Ardagh Group in the 4th quarter valued at $460,000. Silver Rock Financial LP raised its holdings in Ardagh Group by 22.8% in the 4th quarter. Silver Rock Financial LP now owns 480,741 shares of the company’s stock valued at $10,153,000 after acquiring an additional 89,137 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Ardagh Group by 18.1% in the 4th quarter. Mackenzie Financial Corp now owns 456,821 shares of the company’s stock valued at $9,639,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Highland Capital Management LLC acquired a new position in Ardagh Group in the 4th quarter valued at $412,000. Institutional investors and hedge funds own 91.72% of the company’s stock.

Ardagh Group Company Profile

Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.

Get a free copy of the Zacks research report on Ardagh Group (ARD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ardagh Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Group and related companies with MarketBeat.com's FREE daily email newsletter.