$0.31 EPS Expected for Ardagh Group SA (ARD) This Quarter

Equities research analysts expect Ardagh Group SA (NYSE:ARD) to report $0.31 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Ardagh Group’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.29. Ardagh Group reported earnings per share of $0.33 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.1%. The firm is scheduled to issue its next earnings report before the market opens on Friday, April 26th.

According to Zacks, 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 $1.68. For the next financial year, analysts forecast that the business will report earnings of $1.78 per share, with EPS estimates ranging from $1.77 to $1.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Ardagh Group.

Ardagh Group (NYSE:ARD) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Ardagh Group had a negative return on equity of 28.97% and a negative net margin of 1.03%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share.

Several brokerages have recently issued reports on ARD. Zacks Investment Research upgraded Ardagh Group from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Citigroup cut their target price on shares of Ardagh Group from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.86.

NYSE ARD traded down $0.06 during trading hours on Friday, hitting $13.77. 77,918 shares of the company were exchanged, compared to its average volume of 86,254. Ardagh Group has a 52-week low of $10.09 and a 52-week high of $20.53. The company has a market cap of $257.73 million, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21.

Several large investors have recently added to or reduced their stakes in ARD. Renaissance Technologies LLC purchased a new position in shares of Ardagh Group in the 3rd quarter valued at about $1,525,000. Credit Suisse AG purchased a new position in Ardagh Group in the third quarter valued at approximately $2,572,000. Capital World Investors increased its stake in Ardagh Group by 142.9% in the third quarter. Capital World Investors now owns 850,000 shares of the company’s stock valued at $14,187,000 after purchasing an additional 500,000 shares during the last quarter. Private Management Group Inc. raised its holdings in Ardagh Group by 216.8% during the fourth quarter. Private Management Group Inc. now owns 1,342,603 shares of the company’s stock worth $14,876,000 after purchasing an additional 918,784 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Ardagh Group by 9.1% during the third quarter. Mackenzie Financial Corp now owns 275,345 shares of the company’s stock worth $4,596,000 after purchasing an additional 23,000 shares in the last quarter. 87.11% of the stock is owned by institutional investors and hedge funds.

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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