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Ardagh Metal Packaging (NYSE:AMBP) Issues Quarterly Earnings Results

Ardagh Metal Packaging logo with Materials background
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Key Points

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08, Zacks reports. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The firm had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the firm posted $0.08 EPS. The company's revenue for the quarter was up 18.6% on a year-over-year basis.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock opened at $4.72 on Thursday. The company's 50-day moving average is $4.77 and its 200-day moving average is $4.49. The firm has a market capitalization of $2.82 billion, a PE ratio of 77.88, a P/E/G ratio of 0.83 and a beta of 0.50. Ardagh Metal Packaging has a fifty-two week low of $3.29 and a fifty-two week high of $5.47.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Ardagh Metal Packaging from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 7th. Citigroup reiterated a "buy" rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Ardagh Metal Packaging in a research note on Thursday, August 20th. They set a "hold" rating and a $5.20 price objective on the stock. Wells Fargo & Company upped their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen downgraded Ardagh Metal Packaging from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $4.83.

Get Our Latest Research Report on AMBP

About Ardagh Metal Packaging

(Get Free Report)

Ardagh Metal Packaging SA NYSE: AMBP is a global manufacturer of beverage cans and related metal packaging. The company produces aluminum and steel cans, ends and other components used for beer, soft drinks, energy drinks, sparkling water, juices and other beverages. Its products are supplied to major beverage companies, regional brands and contract manufacturers.

The company operates production and design facilities across Europe, North America and South America, including Brazil. Its packaging is designed to support brand presentation, product protection and efficient distribution, while metal cans can be recycled repeatedly without losing their basic properties.

Ardagh Metal Packaging became a separately listed public company in 2021 through a business combination involving Ardagh Group's metal packaging business and Gores Holdings V.

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Earnings History for Ardagh Metal Packaging (NYSE:AMBP)

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