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

Ardagh Metal Packaging S.A. (NYSE:AMBP) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Thursday, March 13th will be given a dividend of 0.10 per share on Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 13.86%.

Ardagh Metal Packaging has a dividend payout ratio of 153.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ardagh Metal Packaging to earn $0.20 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 200.0%.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP opened at $2.89 on Thursday. Ardagh Metal Packaging has a one year low of $2.50 and a one year high of $4.26. The stock has a market cap of $1.73 billion, a PE ratio of -24.06, a price-to-earnings-growth ratio of 0.54 and a beta of 0.64. The business’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $3.34.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. As a group, equities research analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their price objective for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. UBS Group decreased their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Citigroup reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $3.60 to $3.10 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus price target of $3.44.

Ardagh Metal Packaging Company Profile

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.