Ardagh Group S.A. (ARD) Expected to Announce Earnings of $0.54 Per Share

Equities research analysts expect Ardagh Group S.A. (NYSE:ARD) to announce earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ardagh Group’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.53. Ardagh Group also reported earnings of $0.54 per share during the same quarter last year. The company is scheduled to announce its next earnings report on Thursday, July 26th.

On average, analysts expect that Ardagh Group will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.90 to $1.94. For the next year, analysts anticipate that the business will post earnings of $2.09 per share, with EPS estimates ranging from $2.08 to $2.09. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Ardagh Group.

Ardagh Group (NYSE:ARD) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ardagh Group had a negative return on equity of 31.18% and a net margin of 1.30%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ardagh Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. ValuEngine lowered shares of Ardagh Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays restated an “equal weight” rating and issued a $21.00 target price (down previously from $23.00) on shares of Ardagh Group in a research note on Thursday, March 1st. Wells Fargo lowered shares of Ardagh Group from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Finally, Citigroup cut their target price on shares of Ardagh Group from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.80.

Several institutional investors and hedge funds have recently made changes to their positions in ARD. Schroder Investment Management Group boosted its holdings in Ardagh Group by 24.2% in the 4th quarter. Schroder Investment Management Group now owns 1,043,891 shares of the company’s stock valued at $22,026,000 after purchasing an additional 203,387 shares during the period. Franklin Resources Inc. bought a new position in shares of Ardagh Group during the 4th quarter worth about $12,749,000. Silver Rock Financial LP lifted its holdings in Ardagh Group by 22.8% during the 4th quarter. Silver Rock Financial LP now owns 480,741 shares of the company’s stock valued at $10,153,000 after purchasing an additional 89,137 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Ardagh Group by 18.1% in the fourth quarter. Mackenzie Financial Corp now owns 456,821 shares of the company’s stock valued at $9,639,000 after buying an additional 70,000 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Ardagh Group by 202.1% in the first quarter. Wells Fargo & Company MN now owns 142,457 shares of the company’s stock valued at $2,661,000 after buying an additional 95,296 shares in the last quarter. Institutional investors own 91.01% of the company’s stock.

ARD stock traded down $0.38 during midday trading on Friday, hitting $19.03. The stock had a trading volume of 18,394 shares, compared to its average volume of 93,560. The stock has a market capitalization of $369.16, a P/E ratio of 10.55, a PEG ratio of 3.44 and a beta of -0.01. The company has a debt-to-equity ratio of -5.79, a quick ratio of 0.89 and a current ratio of 1.44. Ardagh Group has a 12-month low of $17.43 and a 12-month high of $24.54.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be given a $0.14 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 2.94%. Ardagh Group’s dividend payout ratio (DPR) is presently 30.43%.

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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