Wall Street analysts predict that Ardagh Group SA (NYSE:ARD) will announce earnings per share of $0.52 for the current quarter, Zacks reports. Three analysts have provided estimates for Ardagh Group’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.49. Ardagh Group also posted earnings of $0.52 per share during the same quarter last year. The company is expected to announce its next earnings results on Thursday, October 24th.

On average, analysts expect that Ardagh Group will report full year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.67. For the next financial year, analysts forecast that the firm will report earnings of $1.75 per share, with EPS estimates ranging from $1.73 to $1.76. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Ardagh Group.

Ardagh Group (NYSE:ARD) last released its earnings results on Thursday, July 25th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Ardagh Group had a negative net margin of 0.61% and a negative return on equity of 26.87%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $0.51 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year.

Several equities analysts have weighed in on ARD shares. ValuEngine lowered Ardagh Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Ardagh Group from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup increased their target price on Ardagh Group from $16.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. lowered Ardagh Group from a “neutral” rating to an “underweight” rating and increased their target price for the company from $15.00 to $17.00 in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.22.

NYSE:ARD traded up $0.26 during mid-day trading on Wednesday, hitting $17.09. The company had a trading volume of 5,903 shares, compared to its average volume of 95,570. Ardagh Group has a fifty-two week low of $10.09 and a fifty-two week high of $20.00. The business’s fifty day moving average is $17.49 and its two-hundred day moving average is $14.75. The firm has a market cap of $313.71 million, a P/E ratio of 9.96, a P/E/G ratio of 1.45 and a beta of 1.24.

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 15th. Ardagh Group’s dividend payout ratio is currently 33.14%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canyon Capital Advisors LLC grew its holdings in shares of Ardagh Group by 9.6% during the second quarter. Canyon Capital Advisors LLC now owns 2,907,518 shares of the company’s stock worth $50,882,000 after buying an additional 254,462 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Ardagh Group by 15.8% during the first quarter. Private Management Group Inc. now owns 1,554,714 shares of the company’s stock worth $20,211,000 after buying an additional 212,111 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Ardagh Group by 32,799.2% during the fourth quarter. Deutsche Bank AG now owns 202,001 shares of the company’s stock worth $2,237,000 after buying an additional 201,387 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Ardagh Group by 47.7% during the second quarter. Renaissance Technologies LLC now owns 568,290 shares of the company’s stock worth $9,945,000 after buying an additional 183,600 shares in the last quarter. Finally, Sterling Capital Management LLC bought a new position in shares of Ardagh Group during the second quarter worth about $2,451,000. 89.22% of the stock is currently owned by institutional investors.

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.

Further Reading: Operating Income

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