Ardagh Group SA (ARD) to Issue $0.14 Quarterly Dividend

Ardagh Group SA (NYSE:ARD) declared a quarterly dividend on Monday, July 30th, Wall Street Journal reports. Shareholders of record on Friday, August 17th will be given a dividend of 0.14 per share on Friday, August 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, August 16th.

Shares of NYSE ARD traded down $0.65 during midday trading on Monday, reaching $15.89. The company had a trading volume of 152,177 shares, compared to its average volume of 100,659. The stock has a market cap of $308.23 million, a P/E ratio of 8.69 and a beta of -0.24. Ardagh Group has a 1 year low of $14.77 and a 1 year high of $22.82. The company has a current ratio of 1.45, a quick ratio of 0.91 and a debt-to-equity ratio of -6.41.

Ardagh Group (NYSE:ARD) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Ardagh Group had a negative return on equity of 31.32% and a net margin of 1.56%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. sell-side analysts forecast that Ardagh Group will post 1.71 earnings per share for the current year.



Several research analysts recently issued reports on the stock. Barclays reduced their target price on shares of Ardagh Group from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday. Zacks Investment Research cut shares of Ardagh Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Citigroup reduced their target price on shares of Ardagh Group from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Royal Bank of Canada set a $22.00 target price on shares of Ardagh Group and gave the stock a “buy” rating in a report on Friday. Finally, ValuEngine cut shares of Ardagh Group from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Ardagh Group presently has a consensus rating of “Hold” and an average target price of $22.00.

About Ardagh Group

Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.

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Dividend History for Ardagh Group (NYSE:ARD)

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