Ardagh Group SA (ARD) To Go Ex-Dividend on November 15th

Ardagh Group SA (NYSE:ARD) announced a quarterly dividend on Monday, October 29th, Wall Street Journal reports. Shareholders of record on Friday, November 16th will be given a dividend of 0.14 per share on Friday, November 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, November 15th.

ARD stock opened at $13.69 on Friday. The stock has a market capitalization of $261.83 million, a price-to-earnings ratio of 7.44 and a beta of 0.92. Ardagh Group has a 12 month low of $13.00 and a 12 month high of $21.82.

Ardagh Group (NYSE:ARD) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.32 billion. Ardagh Group had a net margin of 0.94% and a negative return on equity of 30.73%. Equities research analysts expect that Ardagh Group will post 1.64 earnings per share for the current year.

A number of research firms have commented on ARD. Barclays cut their price objective on shares of Ardagh Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Deutsche Bank set a $18.00 price objective on shares of Ardagh Group and gave the company a “buy” rating in a report on Monday, October 29th. Zacks Investment Research downgraded shares of Ardagh Group from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Finally, Royal Bank of Canada set a $22.00 price objective on shares of Ardagh Group and gave the company a “buy” rating in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.00.

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Ardagh Group Company Profile

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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Dividend History for Ardagh Group (NYSE:ARD)

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