Amcor (AMCR) to Release Earnings on Thursday

Amcor (NYSE:AMCR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Amcor to post earnings of $0.16 per share for the quarter. Amcor has set its FY25 guidance at $0.72-0.76 EPS and its FY 2025 guidance at 0.720-0.760 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Amcor (NYSE:AMCR) last posted its earnings results on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.19 EPS. Amcor’s revenue was down 3.8% on a year-over-year basis. On average, analysts expect Amcor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amcor Price Performance

Shares of NYSE:AMCR opened at $10.93 on Wednesday. The firm’s 50 day moving average is $11.14 and its two-hundred day moving average is $10.38. The firm has a market capitalization of $15.80 billion, a P/E ratio of 24.29, a PEG ratio of 2.72 and a beta of 0.85. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Amcor has a 52 week low of $8.59 and a 52 week high of $11.48.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, September 6th. Amcor’s dividend payout ratio is currently 111.11%.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMCR shares. Wells Fargo & Company increased their price target on Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus began coverage on shares of Amcor in a research note on Tuesday, July 9th. They set a “hold” rating and a $10.80 target price on the stock. Citigroup upped their price target on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, Robert W. Baird upped their target price on Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.78.

About Amcor

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.