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

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.10 per share on Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.24%. The ex-dividend date of this dividend is Thursday, December 5th.

Ardagh Metal Packaging has a dividend payout ratio of 173.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ardagh Metal Packaging to earn $0.22 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 181.8%.

Ardagh Metal Packaging Trading Down 6.8 %

Ardagh Metal Packaging stock opened at $3.91 on Friday. Ardagh Metal Packaging has a one year low of $2.64 and a one year high of $4.26. The company’s fifty day moving average price is $3.69 and its two-hundred day moving average price is $3.68. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -27.89, a PEG ratio of 0.79 and a beta of 0.62. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $0.06 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMBP shares. Citigroup boosted their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Bank of America raised shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and increased their price target for the company from $3.80 to $5.10 in a report on Thursday, October 17th. UBS Group lowered shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and cut their price objective for the company from $5.00 to $3.75 in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $4.25 to $5.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ardagh Metal Packaging has a consensus rating of “Hold” and a consensus target price of $4.08.

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.