$0.22 EPS Expected for Amcor plc (NYSE:AMCR) This Quarter

Wall Street analysts expect Amcor plc (NYSE:AMCR) to report earnings per share of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Amcor’s earnings. The business is scheduled to announce its next earnings report on Tuesday, August 17th.

According to Zacks, analysts expect that Amcor will report full year earnings of $0.74 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.78 per share, with EPS estimates ranging from $0.77 to $0.80. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Amcor.

Amcor (NYSE:AMCR) last posted its earnings results on Monday, May 3rd. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Amcor had a return on equity of 20.36% and a net margin of 6.88%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.

AMCR has been the subject of a number of recent analyst reports. The Goldman Sachs Group began coverage on Amcor in a research note on Friday, April 9th. They set a “neutral” rating and a $12.00 price objective for the company. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Thursday, July 1st. Finally, Zacks Investment Research upgraded shares of Amcor from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $12.48.

In other Amcor news, CEO Ronald Stephen Delia sold 464,045 shares of the firm’s stock in a transaction dated Monday, June 14th. The shares were sold at an average price of $12.15, for a total value of $5,638,146.75. Following the transaction, the chief executive officer now owns 1,348,178 shares of the company’s stock, valued at $16,380,362.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arun Nayar sold 50,000 shares of Amcor stock in a transaction that occurred on Monday, May 17th. The shares were sold at an average price of $12.35, for a total value of $617,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 709,245 shares of company stock valued at $8,668,319. 0.28% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AMCR. Signaturefd LLC increased its position in Amcor by 88.2% in the first quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock worth $26,000 after buying an additional 1,050 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Amcor by 90.1% in the 1st quarter. First Horizon Advisors Inc. now owns 2,467 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares during the period. E Fund Management Co. Ltd. bought a new stake in Amcor in the 1st quarter valued at about $32,000. RMR Wealth Builders boosted its stake in Amcor by 134.8% during the 1st quarter. RMR Wealth Builders now owns 3,344 shares of the company’s stock valued at $39,000 after purchasing an additional 1,920 shares during the period. Finally, Vantage Consulting Group Inc acquired a new position in Amcor during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 36.46% of the company’s stock.

Shares of Amcor stock traded up $0.10 during trading hours on Wednesday, hitting $11.36. 11,170,549 shares of the company’s stock traded hands, compared to its average volume of 6,356,488. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.79 and a current ratio of 1.30. Amcor has a twelve month low of $10.05 and a twelve month high of $12.76. The stock has a 50 day moving average of $11.75. The stock has a market cap of $17.74 billion, a P/E ratio of 17.75, a PEG ratio of 1.59 and a beta of 0.87.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Wednesday, May 26th were paid a dividend of $0.117 per share. This represents a $0.47 annualized dividend and a yield of 4.12%. The ex-dividend date was Tuesday, May 25th. Amcor’s dividend payout ratio (DPR) is presently 73.44%.

About Amcor

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging products, rigid packaging containers, specialty cartons, and closures.

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