Brokerages forecast that Ardagh Group SA (NYSE:ARD) will report earnings per share of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ardagh Group’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.33. The business is scheduled to report its next earnings results before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Ardagh Group will report full year earnings of $0.95 per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.26 to $1.96. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ardagh Group.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Ardagh Group from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, February 2nd. ValuEngine cut Ardagh Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. 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. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.15.
Shares of Ardagh Group (NYSE:ARD) opened at $18.40 on Tuesday. Ardagh Group has a one year low of $17.43 and a one year high of $24.54.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, February 26th. This represents a $0.56 annualized dividend and a yield of 3.04%.
TRADEMARK VIOLATION NOTICE: This story was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2018/02/20/brokerages-expect-ardagh-group-sa-ard-to-announce-0-22-earnings-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ardagh Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Group and related companies with MarketBeat.com's FREE daily email newsletter.