Ardagh Metal Packaging S.A. Plans Quarterly Dividend of $0.10 (NYSE:AMBP)

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, June 11th will be given a dividend of 0.10 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Thursday, June 11th.

Ardagh Metal Packaging has a dividend payout ratio of 166.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ardagh Metal Packaging to earn $0.29 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 137.9%.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $3.95 on Friday. Ardagh Metal Packaging has a 1 year low of $2.93 and a 1 year high of $5.03. The company has a market cap of $2.36 billion, a P/E ratio of -394.70, a PEG ratio of 1.10 and a beta of 0.62. The firm has a 50-day moving average of $4.30 and a 200 day moving average of $4.11.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $0.02 earnings per share. Ardagh Metal Packaging’s revenue was up 18.6% on a year-over-year basis. On average, equities research analysts expect that Ardagh Metal Packaging will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of institutional investors have recently made changes to their positions in the company. Arini Captial Management Ltd purchased a new stake in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $46,109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ardagh Metal Packaging by 3.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,392,929 shares of the company’s stock valued at $41,468,000 after buying an additional 323,790 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Ardagh Metal Packaging by 8.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,791,368 shares of the company’s stock valued at $27,845,000 after buying an additional 545,227 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ardagh Metal Packaging by 10.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,836,748 shares of the company’s stock valued at $15,731,000 after buying an additional 350,427 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Ardagh Metal Packaging by 603.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock valued at $9,408,000 after buying an additional 2,022,889 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

About Ardagh Metal Packaging

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.