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

Ardagh Metal Packaging S.A. (NYSE:AMBP) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Thursday, September 12th will be paid a dividend of 0.10 per share on Thursday, September 26th. This represents a $0.40 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Thursday, September 12th.

Ardagh Metal Packaging has a 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. Research 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 Up 1.4 %

AMBP opened at $3.58 on Tuesday. The company has a market cap of $2.14 billion, a P/E ratio of -25.57, a PEG ratio of 0.75 and a beta of 0.61. Ardagh Metal Packaging has a one year low of $2.57 and a one year high of $4.17. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.66 and a current ratio of 0.95. The business’s 50-day simple moving average is $3.50 and its 200-day simple moving average is $3.60.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. As a group, equities research analysts expect that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMBP shares. Citigroup decreased their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Wells Fargo & Company increased their target price on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, UBS Group downgraded Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and lowered their price target for the company from $5.00 to $3.75 in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.67.

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.