Equities analysts expect that Ardagh Group S.A. (NYSE:ARD) will post sales of $2.18 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Ardagh Group’s earnings, with the highest sales estimate coming in at $2.28 billion and the lowest estimate coming in at $2.12 billion. Ardagh Group posted sales of $1.96 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Ardagh Group will report full year sales of $2.18 billion for the current year, with estimates ranging from $9.05 billion to $9.39 billion. For the next year, analysts anticipate that the business will post sales of $9.34 billion per share, with estimates ranging from $9.09 billion to $9.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Ardagh Group.
Ardagh Group (NYSE:ARD) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ardagh Group had a negative return on equity of 31.99% and a net margin of 0.78%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s revenue was down 2.0% on a year-over-year basis.
Large investors have recently made changes to their positions in the company. Aperio Group LLC acquired a new position in Ardagh Group during the 3rd quarter worth approximately $257,000. Two Sigma Investments LP acquired a new position in Ardagh Group during the 4th quarter worth approximately $263,000. Vanguard Group Inc. acquired a new position in Ardagh Group during the 2nd quarter worth approximately $289,000. Highland Capital Management LLC acquired a new position in Ardagh Group during the 4th quarter worth approximately $412,000. Finally, Balter Liquid Alternatives LLC acquired a new position in Ardagh Group during the 4th quarter worth approximately $460,000. 91.17% of the stock is currently owned by institutional investors.
ARD stock opened at $18.98 on Tuesday. The stock has a market capitalization of $344.19 and a PE ratio of 73.88. The company has a debt-to-equity ratio of -6.04, a current ratio of 1.49 and a quick ratio of 0.90. Ardagh Group has a 52 week low of $17.43 and a 52 week high of $24.54.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, February 26th. Ardagh Group’s dividend payout ratio is 224.00%.
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About Ardagh Group
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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