Ardagh Metal Packaging (NYSE:AMBP) Releases Earnings Results, Meets Expectations

Ardagh Metal Packaging (NYSE:AMBP) issued its quarterly earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01, Briefing.com reports. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 43.89%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $0.01 earnings per share. Ardagh Metal Packaging’s revenue for the quarter was up .9% on a year-over-year basis.

Ardagh Metal Packaging Trading Up 1.0 %

Shares of AMBP stock opened at $4.05 on Friday. 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 firm’s fifty day simple moving average is $3.48 and its 200 day simple moving average is $3.56. Ardagh Metal Packaging has a 1 year low of $2.57 and a 1 year high of $4.29.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date is Wednesday, June 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -285.69%.

Analysts Set New Price Targets

AMBP has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Ardagh Metal Packaging in a research note on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Truist Financial restated a “hold” rating and issued a $3.00 price objective (down from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Bank of America lowered shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $4.10 to $3.50 in a research report on Monday, April 1st. Finally, Barclays lowered shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 target price on the stock. in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.