Ardagh Metal Packaging (NYSE:AMBP) Hits New 12-Month High - Time to Buy?

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.30 and last traded at $4.24, with a volume of 1990197 shares. The stock had previously closed at $4.15.

Ardagh Metal Packaging Price Performance

The firm has a market cap of $2.46 billion, a PE ratio of -34.25, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. The stock's fifty day moving average price is $3.54 and its 200-day moving average price is $3.14.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's payout ratio is -1,000.00%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Large investors have recently modified their holdings of the business. Boston Partners acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter valued at about $592,000. Norges Bank acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter valued at about $880,000. Allspring Global Investments Holdings LLC boosted its position in shares of Ardagh Metal Packaging by 36,067.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 134,183 shares of the company's stock valued at $399,000 after acquiring an additional 133,812 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter valued at about $286,000. Finally, Gilman Hill Asset Management LLC boosted its position in shares of Ardagh Metal Packaging by 10.3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 1,967,087 shares of the company's stock valued at $5,941,000 after acquiring an additional 184,305 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

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.