Wall Street brokerages forecast that Ardagh Group SA (NYSE:ARD) will post $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Ardagh Group’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.54. Ardagh Group reported earnings per share of $0.57 in the same quarter last year, which indicates a negative year-over-year growth rate of 7%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 25th.
On average, analysts expect that Ardagh Group will report full year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.71 to $1.74. For the next financial year, analysts anticipate that the business will post earnings of $1.90 per share. Zacks Investment Research’s EPS 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, July 26th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.01 billion. Ardagh Group had a negative return on equity of 31.32% and a net margin of 1.56%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share.
A number of equities research analysts recently commented on ARD shares. Royal Bank of Canada set a $22.00 price target on Ardagh Group and gave the stock a “buy” rating in a research report on Friday, July 27th. Citigroup decreased their price target on Ardagh Group from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, July 10th. Barclays decreased their price target on Ardagh Group from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, July 30th. Finally, Zacks Investment Research upgraded Ardagh Group from a “sell” rating to a “hold” rating in a research report on Friday, May 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.00.
NYSE ARD opened at $16.19 on Friday. The company has a market cap of $298.35 million, a P/E ratio of 8.80 and a beta of -0.25. Ardagh Group has a one year low of $14.77 and a one year high of $22.33. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.91 and a current ratio of 1.45.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 17th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $0.56 dividend on an annualized basis and a yield of 3.46%. Ardagh Group’s payout ratio is 15.22%.
A number of institutional investors and hedge funds have recently made changes to their positions in ARD. Sei Investments Co. lifted its stake in shares of 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 purchasing an additional 3,866 shares during the period. Balter Liquid Alternatives LLC lifted its stake in shares of Ardagh Group by 14.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 48,663 shares of the company’s stock valued at $817,000 after purchasing an additional 6,307 shares during the period. Canyon Capital Advisors LLC lifted its stake in shares of Ardagh Group by 0.4% in the 2nd quarter. Canyon Capital Advisors LLC now owns 2,658,756 shares of the company’s stock valued at $44,189,000 after purchasing an additional 9,500 shares during the period. Barclays PLC lifted its stake in shares of 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 purchasing an additional 10,438 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Ardagh Group in the 1st quarter valued at $199,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.
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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