Ardagh Group SA (NYSE:ARD) declared a dividend on Friday, April 26th, Fidelity reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.14 per share on Friday, May 31st. The ex-dividend date of this dividend is Thursday, May 16th.
Shares of NYSE:ARD opened at $14.25 on Friday. Ardagh Group has a 1 year low of $10.09 and a 1 year high of $18.46. The company has a market cap of $265.62 million, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26.
Ardagh Group (NYSE:ARD) last announced its earnings results on Friday, April 26th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.92 billion. Ardagh Group had a negative return on equity of 28.61% and a negative net margin of 0.73%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, analysts expect that Ardagh Group will post 1.68 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Ardagh Group stock. Geode Capital Management LLC raised its position in Ardagh Group SA (NYSE:ARD) by 17.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,028 shares of the company’s stock after purchasing an additional 7,935 shares during the period. Geode Capital Management LLC owned 0.28% of Ardagh Group worth $587,000 at the end of the most recent quarter. 87.05% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Ardagh Group from a “hold” rating to a “sell” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.86.
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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.
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