Ardagh Group S.A. (ARD) To Go Ex-Dividend on November 15th

Ardagh Group S.A. (NYSE:ARD) announced a quarterly dividend on Wednesday, October 25th, Zacks reports. Stockholders of record on Thursday, November 16th will be paid a dividend of 0.14 per share on Thursday, November 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, November 15th.

Shares of Ardagh Group (ARD) opened at $19.93 on Tuesday. Ardagh Group has a one year low of $19.79 and a one year high of $24.54.

Ardagh Group (NYSE:ARD) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. sell-side analysts expect that Ardagh Group will post 0.95 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on ARD. Royal Bank Of Canada set a $25.00 price objective on Ardagh Group and gave the company a “buy” rating in a research note on Monday, October 30th. BMO Capital Markets raised Ardagh Group from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Monday, October 30th. They noted that the move was a valuation call. Zacks Investment Research cut Ardagh Group from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Barclays PLC reissued a “hold” rating and set a $23.00 target price on shares of Ardagh Group in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.35.

A hedge fund recently bought a new stake in Ardagh Group stock. State Street Corp bought a new position in shares of Ardagh Group S.A. (NYSE:ARD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 68,702 shares of the company’s stock, valued at approximately $1,552,000. 99.27% of the stock is owned by institutional investors.

About Ardagh Group

Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.

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