Ardagh Group SA (NYSE:ARD) to Issue Dividend of $0.14

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Ardagh Group SA (NYSE:ARD) announced a dividend on Thursday, July 25th, Fidelity reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.14 per share on Friday, August 30th. The ex-dividend date of this dividend is Thursday, August 15th.

Ardagh Group stock opened at $17.78 on Wednesday. The company’s 50-day moving average price is $17.46. The stock has a market cap of $319.41 million, a P/E ratio of 10.52, a PEG ratio of 1.47 and a beta of 1.24. Ardagh Group has a fifty-two week low of $10.09 and a fifty-two week high of $20.00.

Ardagh Group (NYSE:ARD) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Ardagh Group had a negative net margin of 0.61% and a negative return on equity of 26.87%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, research analysts predict that Ardagh Group will post 1.66 earnings per share for the current fiscal year.

Several analysts have weighed in on the company. Zacks Investment Research upgraded Ardagh Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Citigroup boosted their price target on Ardagh Group from $16.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. ValuEngine downgraded Ardagh Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. downgraded Ardagh Group from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $15.00 to $17.00 in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.22.

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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Dividend History for Ardagh Group (NYSE:ARD)

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