Ardagh Metal Packaging (AMBP) to Release Quarterly Earnings on Thursday

Ardagh Metal Packaging (NYSE:AMBP) is anticipated to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $1.14 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ardagh Metal Packaging Stock Performance

AMBP opened at $2.65 on Thursday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -22.04, a PEG ratio of 0.51 and a beta of 0.64. The company has a fifty day moving average of $2.84 and a 200 day moving average of $3.36. Ardagh Metal Packaging has a fifty-two week low of $2.50 and a fifty-two week high of $4.26.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMBP shares. UBS Group cut their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research note on Friday, January 10th. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Citigroup dropped their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ardagh Metal Packaging has an average rating of “Hold” and a consensus target price of $3.37.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.