Wall Street analysts forecast that Ardagh Group S.A. (NYSE:ARD) will report $0.54 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ardagh Group’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.55. Ardagh Group also reported earnings per share of $0.54 in the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Ardagh Group will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.94. For the next fiscal year, analysts expect that the company will report earnings of $2.09 per share, with EPS estimates ranging from $2.08 to $2.09. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ardagh Group.
Ardagh Group (NYSE:ARD) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. Ardagh Group had a net margin of 1.30% and a negative return on equity of 31.18%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Ardagh Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. ValuEngine lowered shares of Ardagh Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. Wells Fargo lowered shares of Ardagh Group from an “outperform” rating to a “market perform” rating in a research report on Friday, February 23rd. Citigroup decreased their target price on shares of Ardagh Group from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 5th. Finally, Barclays reiterated an “equal weight” rating and issued a $21.00 target price (down previously from $23.00) on shares of Ardagh Group in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.80.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its position in Ardagh Group by 99.3% in the 1st quarter. Sei Investments Co. now owns 7,759 shares of the company’s stock valued at $145,000 after buying an additional 3,866 shares in the last quarter. Engineers Gate Manager LP bought a new position in Ardagh Group in the 1st quarter valued at about $199,000. PNC Financial Services Group Inc. grew its position in Ardagh Group by 163,571.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,457 shares of the company’s stock valued at $214,000 after buying an additional 11,450 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Ardagh Group in the 4th quarter valued at about $263,000. Finally, Barclays PLC lifted its holdings in Ardagh Group by 90.7% in the 1st quarter. Barclays PLC now owns 21,949 shares of the company’s stock valued at $409,000 after acquiring an additional 10,438 shares during the last quarter. Hedge funds and other institutional investors own 91.72% of the company’s stock.
Shares of Ardagh Group stock traded down $0.35 during trading on Wednesday, hitting $17.86. 650 shares of the stock were exchanged, compared to its average volume of 94,196. The firm has a market capitalization of $339.72 million, a P/E ratio of 9.71, a P/E/G ratio of 3.16 and a beta of -0.01. The company has a debt-to-equity ratio of -5.79, a quick ratio of 0.89 and a current ratio of 1.44. Ardagh Group has a 12 month low of $17.86 and a 12 month high of $18.08.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 3.14%. Ardagh Group’s dividend payout ratio is presently 30.43%.
Ardagh Group Company Profile
Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.
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