Analysts expect that Ardagh Group SA (NYSE:ARD) will post earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Ardagh Group’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.54. Ardagh Group also posted earnings per share of $0.52 during the same quarter last year. The company is scheduled to report its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Ardagh Group will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.66 to $1.67. For the next fiscal year, analysts forecast that the firm will report earnings of $1.75 per share, with EPS estimates ranging from $1.73 to $1.76. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ardagh Group.

Ardagh Group (NYSE:ARD) last released its earnings results on Thursday, July 25th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.32 billion. Ardagh Group had a negative net margin of 0.61% and a negative return on equity of 26.87%. Ardagh Group’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS.

ARD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut Ardagh Group from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $15.00 to $17.00 in a report on Wednesday, July 17th. Citigroup lifted their price target on Ardagh Group from $16.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. ValuEngine cut Ardagh Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded Ardagh Group from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.22.

Ardagh Group stock traded up $0.27 during midday trading on Wednesday, reaching $17.20. 74,553 shares of the company’s stock were exchanged, compared to its average volume of 99,673. Ardagh Group has a 52 week low of $10.09 and a 52 week high of $20.00. The firm has a market cap of $315.58 million, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.44 and a beta of 1.24. The stock’s 50-day simple moving average is $17.45 and its 200 day simple moving average is $14.84.

The company also recently disclosed a dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 15th.

Several large investors have recently modified their holdings of the company. BB&T Corp boosted its stake in Ardagh Group by 9.7% during the first quarter. BB&T Corp now owns 21,150 shares of the company’s stock worth $275,000 after acquiring an additional 1,870 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ardagh Group by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 37,113 shares of the company’s stock worth $410,000 after buying an additional 3,915 shares in the last quarter. Machina Capital S.A.S. bought a new position in shares of Ardagh Group in the second quarter worth approximately $76,000. Gabelli Funds LLC lifted its stake in shares of Ardagh Group by 54.5% in the second quarter. Gabelli Funds LLC now owns 15,586 shares of the company’s stock worth $273,000 after buying an additional 5,500 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Ardagh Group by 0.5% in the first quarter. Clearbridge Investments LLC now owns 1,379,538 shares of the company’s stock worth $17,934,000 after buying an additional 6,820 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.

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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