Amcor (AMCR) to Release Quarterly Earnings on Thursday

Amcor (NYSE:AMCR) is scheduled to announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce 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.Investors that are interested in participating in 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. 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

AMCR opened at $10.93 on Wednesday. The company has a fifty day simple moving average of $11.14 and a 200 day simple moving average of $10.38. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 2.72 and a beta of 0.85. Amcor has a twelve month low of $8.59 and a twelve month high of $11.48. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis 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%.

Analysts Set New Price Targets

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