Ardagh Metal Packaging (AMBP) to Release Earnings on Thursday

Ardagh Metal Packaging (NYSE:AMBP) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Ardagh Metal Packaging to post earnings of $0.01 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Ardagh Metal Packaging to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ardagh Metal Packaging Stock Down 2.9 %

AMBP opened at $3.36 on Thursday. The business has a 50 day moving average price of $3.48 and a 200 day moving average price of $3.53. Ardagh Metal Packaging has a twelve month low of $2.57 and a twelve month high of $4.29. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99. The firm has a market cap of $2.01 billion, a P/E ratio of -28.00, a price-to-earnings-growth ratio of 0.67 and a beta of 0.75.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.40 annualized dividend and a yield of 11.90%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -333.33%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMBP. Bank of America lowered Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $4.10 to $3.50 in a report on Monday, April 1st. Wells Fargo & Company boosted their target price on Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. UBS Group began coverage on Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 target price for the company. Truist Financial restated a “hold” rating and issued a $3.00 target price (down from $4.00) on shares of Ardagh Metal Packaging in a report on Monday, February 26th. Finally, Morgan Stanley began coverage on Ardagh Metal Packaging in a report on Monday, March 18th. They issued an “underweight” rating and a $3.20 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MetLife Investment Management LLC raised its stake in shares of Ardagh Metal Packaging by 66.8% in the second quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock valued at $32,000 after purchasing an additional 3,359 shares in the last quarter. UBS Group AG raised its stake in shares of Ardagh Metal Packaging by 43.1% in the second quarter. UBS Group AG now owns 6,028 shares of the company’s stock valued at $37,000 after purchasing an additional 1,815 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ardagh Metal Packaging by 2,026.7% in the fourth quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock valued at $41,000 after purchasing an additional 8,046 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Ardagh Metal Packaging in the first quarter valued at $43,000. Finally, Wells Fargo & Company MN raised its stake in shares of Ardagh Metal Packaging by 162.8% in the second quarter. Wells Fargo & Company MN now owns 12,877 shares of the company’s stock valued at $48,000 after purchasing an additional 7,978 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors and hedge funds.

About Ardagh Metal Packaging

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.