$2.18 Billion in Sales Expected for Ardagh Group S.A. (ARD) This Quarter

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.

How to Become a New Pot Stock Millionaire

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.

A number of brokerages have recently issued reports on ARD. ValuEngine downgraded Ardagh Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Ardagh Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Barclays reissued an “equal weight” rating and issued a $21.00 price objective (down from $23.00) on shares of Ardagh Group in a research note on Thursday, March 1st. Finally, Wells Fargo downgraded Ardagh Group from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Ardagh Group presently has an average rating of “Buy” and a consensus price target of $23.95.

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%.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3303563/2-18-billion-in-sales-expected-for-ardagh-group-s-a-ard-this-quarter.html.

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.

Get a free copy of the Zacks research report on Ardagh Group (ARD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ardagh Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Etherparty  Trading Up 15.4% Over Last Week
Etherparty Trading Up 15.4% Over Last Week
BoostCoin Price Reaches $0.0131
BoostCoin Price Reaches $0.0131
SongCoin Reaches One Day Trading Volume of $283.00
SongCoin Reaches One Day Trading Volume of $283.00
Adobe Systems  Expected to Announce Quarterly Sales of $2.15 Billion
Adobe Systems Expected to Announce Quarterly Sales of $2.15 Billion
$1.46 Earnings Per Share Expected for Mid-America Apartment Communities  This Quarter
$1.46 Earnings Per Share Expected for Mid-America Apartment Communities This Quarter
Church & Dwight  Expected to Post Earnings of $0.61 Per Share
Church & Dwight Expected to Post Earnings of $0.61 Per Share


© 2006-2018 Ticker Report. Google+.