Ardagh Metal Packaging (NYSE:AMBP) Posts Quarterly Earnings Results

Ardagh Metal Packaging (NYSE:AMBP) issued its quarterly earnings data on Thursday. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01, Briefing.com reports. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share.

Ardagh Metal Packaging Trading Down 1.3 %

Shares of AMBP stock traded down $0.05 during trading hours on Friday, reaching $3.86. 55,012 shares of the stock were exchanged, compared to its average volume of 1,337,889. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -27.89, a price-to-earnings-growth ratio of 0.79 and a beta of 0.62. Ardagh Metal Packaging has a 12-month low of $2.80 and a 12-month high of $4.26. The company’s 50-day moving average price is $3.69 and its 200-day moving average price is $3.68. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 10.36%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -285.71%.

Wall Street Analyst Weigh In

AMBP has been the subject of several research analyst reports. Citigroup raised their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Bank of America raised shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and raised their target price for the company from $3.80 to $5.10 in a report on Thursday, October 17th. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $4.25 to $5.00 in a research note on Tuesday, October 15th. Finally, UBS Group cut shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $5.00 to $3.75 in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.08.

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.