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

Ardagh Metal Packaging S.A. (NYSE:AMBP) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.10 per share on Thursday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 13.86%.

Ardagh Metal Packaging has a payout ratio of 153.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Ardagh Metal Packaging to earn $0.20 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 200.0%.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock opened at $2.89 on Thursday. The firm’s 50-day simple moving average is $2.80 and its 200-day simple moving average is $3.34. Ardagh Metal Packaging has a 1 year low of $2.50 and a 1 year high of $4.26. The firm has a market cap of $1.73 billion, a PE ratio of -24.06, a price-to-earnings-growth ratio of 0.54 and a beta of 0.64.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. On average, equities analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMBP has been the subject of a number of research analyst reports. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their target price for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. UBS Group reduced their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company restated an “equal weight” rating and set a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. Finally, Citigroup cut 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, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.44.

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.