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

Ardagh Metal Packaging (NYSE:AMBP) announced its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01, Zacks reports. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%.

Ardagh Metal Packaging Price Performance

Shares of AMBP traded down $0.21 during trading hours on Friday, reaching $2.96. 686,197 shares of the company’s stock traded hands, compared to its average volume of 1,389,555. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.26. The business’s fifty day simple moving average is $2.80 and its two-hundred day simple moving average is $3.34. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -24.62, a P/E/G ratio of 0.54 and a beta of 0.64.

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 13.54%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMBP shares. UBS Group decreased their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research note on Friday, January 10th. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Citigroup lowered their price target 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, January 6th. Finally, Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $3.60 to $3.10 in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.44.

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.