Ardagh Group (ARD) to Release Quarterly Earnings on Thursday

Ardagh Group (NYSE:ARD) is set to announce its earnings results before the market opens on Thursday, October 22nd. Analysts expect the company to announce earnings of $0.44 per share for the quarter.

Ardagh Group (NYSE:ARD) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. Ardagh Group had a net margin of 19.41% and a negative return on equity of 66.33%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.52 billion. On average, analysts expect Ardagh Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of ARD traded up $0.01 during mid-day trading on Friday, reaching $14.04. The stock had a trading volume of 70,874 shares, compared to its average volume of 91,479. Ardagh Group has a 52-week low of $9.20 and a 52-week high of $21.54. The business’s fifty day moving average is $14.62 and its 200 day moving average is $13.47. The firm has a market cap of $261.99 million, a price-to-earnings ratio of 2.38 and a beta of 1.31.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Wednesday, September 16th. Ardagh Group’s dividend payout ratio is currently 32.97%.

A number of equities research analysts recently issued reports on ARD shares. ValuEngine lowered shares of Ardagh Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 28th. Zacks Investment Research lowered shares of Ardagh Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Ardagh Group currently has an average rating of “Hold” and a consensus price target of $16.50.

About Ardagh Group

Ardagh Group SA, together with its subsidiaries, manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates through four segments: Metal Beverage Packaging Europe, Metal Beverage Packaging Americas, Glass Packaging Europe, and Glass Packaging North America.

Recommended Story: What is the Russell 2000 Index?

Earnings History for Ardagh Group (NYSE:ARD)

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.