Ardagh Metal Packaging S.A. (AMBP) to Issue Quarterly Dividend of $0.10 on December 19th

Ardagh Metal Packaging S.A. (NYSE:AMBP) announced a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.10 per share on Thursday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 10.61%. The ex-dividend date of this dividend is Thursday, December 5th.

Ardagh Metal Packaging has a dividend payout ratio of 173.9% indicating that 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 $0.21 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 190.5%.

Ardagh Metal Packaging Trading Up 2.4 %

Shares of AMBP stock opened at $3.77 on Tuesday. Ardagh Metal Packaging has a 12 month low of $3.16 and a 12 month high of $4.26. The company’s fifty day moving average price is $3.77 and its two-hundred day moving average price is $3.67. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts anticipate that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

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