Analysts expect Ardagh Group SA (NYSE:ARD) to post $0.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ardagh Group’s earnings, with estimates ranging from $0.52 to $0.54. Ardagh Group posted earnings of $0.57 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 7%. The firm is expected to announce its next earnings results on Thursday, October 25th.

On average, analysts expect that Ardagh Group will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.71 to $1.74. For the next fiscal year, analysts forecast that the firm will report earnings of $1.90 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Ardagh Group.

Ardagh Group (NYSE:ARD) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.01 billion. Ardagh Group had a negative return on equity of 31.32% and a net margin of 1.56%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 earnings per share.

A number of analysts recently issued reports on the company. Barclays decreased their target price on Ardagh Group from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 27th. Zacks Investment Research raised Ardagh Group from a “sell” rating to a “hold” rating in a research report on Friday, May 25th. Citigroup decreased their target price on Ardagh Group from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, July 10th. Finally, Royal Bank of Canada set a $22.00 target price on Ardagh Group and gave the company a “buy” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.00.

A number of institutional investors have recently made changes to their positions in ARD. BlackRock Inc. boosted its stake in Ardagh Group by 16.0% in the first quarter. BlackRock Inc. now owns 373,068 shares of the company’s stock valued at $6,969,000 after acquiring an additional 51,489 shares during the period. Citigroup Inc. boosted its stake in Ardagh Group by 46.5% in the first quarter. Citigroup Inc. now owns 70,898 shares of the company’s stock valued at $1,325,000 after acquiring an additional 22,499 shares during the period. Private Management Group Inc. acquired a new position in Ardagh Group in the second quarter valued at approximately $2,118,000. Citadel Advisors LLC boosted its stake in Ardagh Group by 40.9% in the second quarter. Citadel Advisors LLC now owns 824,516 shares of the company’s stock valued at $13,703,000 after acquiring an additional 239,224 shares during the period. Finally, Barclays PLC boosted its stake in Ardagh Group by 90.7% in the first quarter. Barclays PLC now owns 21,949 shares of the company’s stock valued at $409,000 after acquiring an additional 10,438 shares during the period. 88.61% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ARD traded up $0.17 during trading hours on Friday, reaching $16.37. The stock had a trading volume of 1,500 shares, compared to its average volume of 34,604. The stock has a market cap of $298.35 million, a PE ratio of 8.96 and a beta of -0.25. The company has a quick ratio of 0.91, a current ratio of 1.45 and a debt-to-equity ratio of -6.41. Ardagh Group has a fifty-two week low of $14.77 and a fifty-two week high of $22.33.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.42%. The ex-dividend date was Thursday, August 16th. Ardagh Group’s dividend payout ratio is currently 15.22%.

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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