Ardagh Metal Packaging (NYSE:AMBP) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Ardagh Metal Packaging (NYSE:AMBP) posted its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01, Briefing.com reports. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 81.02%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company posted $0.04 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year.

Ardagh Metal Packaging Price Performance

Shares of AMBP opened at $3.64 on Friday. The firm has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $3.65. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.61 and a current ratio of 0.95. Ardagh Metal Packaging has a one year low of $2.57 and a one year high of $4.17.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -285.69%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMBP shares. Bank of America cut Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $4.10 to $3.50 in a research report on Monday, April 1st. UBS Group cut shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.00 to $3.75 in a research note on Wednesday, July 17th. Citigroup dropped their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, Wells Fargo & Company boosted their price objective on Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.67.

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.