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

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Wednesday, June 12th will be paid a dividend of 0.10 per share on Wednesday, June 26th. This represents a $0.40 annualized dividend and a dividend yield of 9.88%. The ex-dividend date is Wednesday, June 12th.

Ardagh Metal Packaging has a dividend payout ratio of 166.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ardagh Metal Packaging to earn $0.23 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 173.9%.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock traded up $0.04 during trading on Friday, hitting $4.05. The company had a trading volume of 2,734,834 shares, compared to its average volume of 1,235,018. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99. The firm has a market capitalization of $2.42 billion, a P/E ratio of -34.00, a price-to-earnings-growth ratio of 0.75 and a beta of 0.75. The stock's 50-day moving average price is $3.47 and its 200 day moving average price is $3.55. Ardagh Metal Packaging has a one year low of $2.57 and a one year high of $4.29.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. Equities analysts expect that Ardagh Metal Packaging will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMBP shares. Barclays downgraded shares of Ardagh Metal Packaging from an "overweight" rating to an "equal weight" rating and set a $4.00 price objective for the company. in a research report on Monday, January 8th. Truist Financial restated a "hold" rating and set a $3.00 price objective (down from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. Morgan Stanley started coverage on shares of Ardagh Metal Packaging in a research report on Monday, March 18th. They set an "underweight" rating and a $3.20 price objective for the company. UBS Group started coverage on shares of Ardagh Metal Packaging in a research report on Tuesday, January 16th. They set a "buy" rating and a $5.00 price objective for the company. Finally, Bank of America downgraded shares of Ardagh Metal Packaging from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $4.10 to $3.50 in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of "Hold" and an average price target of $4.31.

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.