Ardagh Group SA (NYSE:ARD) Plans $0.14 Dividend

Ardagh Group SA (NYSE:ARD) declared a dividend on Thursday, July 25th, Fidelity reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.14 per share on Friday, August 30th. The ex-dividend date is Thursday, August 15th.

Shares of ARD traded up $0.23 during midday trading on Tuesday, hitting $17.30. 440 shares of the stock traded hands, compared to its average volume of 95,361. Ardagh Group has a 1-year low of $10.09 and a 1-year high of $20.00. The company has a market capitalization of $319.41 million, a price-to-earnings ratio of 10.28, a PEG ratio of 1.47 and a beta of 1.24. The company’s 50 day simple moving average is $17.43.

Ardagh Group (NYSE:ARD) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.32 billion. Ardagh Group had a negative return on equity of 26.87% and a negative net margin of 0.61%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Research analysts forecast that Ardagh Group will post 1.66 earnings per share for the current year.

Several analysts have issued reports on ARD shares. JPMorgan Chase & Co. downgraded Ardagh Group from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $15.00 to $17.00 in a report on Wednesday, July 17th. ValuEngine downgraded Ardagh Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Citigroup boosted their price objective on Ardagh Group from $16.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research upgraded Ardagh Group from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.22.

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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