Equities research analysts expect Ardagh Group SA (NYSE:ARD) to report $2.09 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ardagh Group’s earnings. The highest sales estimate is $2.10 billion and the lowest is $2.08 billion. Ardagh Group posted sales of $2.11 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The company is expected to report its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Ardagh Group will report full-year sales of $9.05 billion for the current year, with estimates ranging from $9.04 billion to $9.06 billion. For the next financial year, analysts anticipate that the company will post sales of $9.04 billion, with estimates ranging from $8.93 billion to $9.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Ardagh Group.

Ardagh Group (NYSE:ARD) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Ardagh Group had a net margin of 0.94% and a negative return on equity of 30.73%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.32 billion.

ARD has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Ardagh Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Deutsche Bank set a $18.00 target price on shares of Ardagh Group and gave the stock a “buy” rating in a research report on Monday, October 29th. Barclays decreased their target price on shares of Ardagh Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $15.30 target price (down from $21.00) on shares of Ardagh Group in a research report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.22.

A number of hedge funds have recently bought and sold shares of ARD. Sei Investments Co. grew its position in Ardagh Group by 127.6% in the second quarter. Sei Investments Co. now owns 17,659 shares of the company’s stock worth $294,000 after acquiring an additional 9,900 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Ardagh Group in the second quarter worth $369,000. Northern Trust Corp lifted its stake in shares of Ardagh Group by 20.9% in the second quarter. Northern Trust Corp now owns 44,311 shares of the company’s stock worth $737,000 after buying an additional 7,675 shares during the last quarter. Balter Liquid Alternatives LLC lifted its stake in shares of Ardagh Group by 14.9% in the second quarter. Balter Liquid Alternatives LLC now owns 48,663 shares of the company’s stock worth $817,000 after buying an additional 6,307 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Ardagh Group in the third quarter worth $1,525,000. 89.03% of the stock is owned by institutional investors.

Shares of ARD opened at $12.56 on Friday. Ardagh Group has a 52 week low of $12.30 and a 52 week high of $21.82. The company has a market cap of $237.97 million, a P/E ratio of 7.38 and a beta of 0.91.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.46%. The ex-dividend date was Thursday, November 15th. Ardagh Group’s dividend payout ratio is 7.61%.

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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