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

Ardagh Metal Packaging S.A. (NYSE:AMBP) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 26th will be given a dividend of $0.10 per share on Thursday, December 10th. This represents a $0.40 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, November 25th.

Ardagh Metal Packaging has a dividend payout ratio of 166.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Ardagh Metal Packaging to earn $0.31 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 129.0%.

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock opened at $4.73 on Friday. The business’s 50 day simple moving average is $4.76 and its two-hundred day simple moving average is $4.50. The stock has a market capitalization of $2.83 billion, a P/E ratio of 78.91, a price-to-earnings-growth ratio of 0.83 and a beta of 0.50. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.47.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.52 billion. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. Sell-side analysts expect that Ardagh Metal Packaging will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMBP has been the topic of several recent analyst reports. Wall Street Zen cut shares of Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings upgraded shares of Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. UBS Group dropped their price target on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ardagh Metal Packaging in a report on Thursday, August 20th. They issued a “hold” rating and a $5.20 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.83.

Ardagh Metal Packaging Company Profile

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.