Amcor (NYSE:AMCR) Issues Quarterly Earnings Results, Hits Estimates

Amcor (NYSE:AMCR) announced its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16, Briefing.com reports. Amcor had a return on equity of 25.45% and a net margin of 5.35%. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $0.16 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis. Amcor updated its FY25 guidance to $0.72-$0.76 EPS and its FY 2025 guidance to 0.720-0.760 EPS.

Amcor Trading Down 7.8 %

Shares of NYSE:AMCR opened at $10.26 on Friday. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.98 and a beta of 0.85. Amcor has a 12 month low of $8.71 and a 12 month high of $11.48. The company’s fifty day simple moving average is $11.13 and its 200 day simple moving average is $10.41. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 1.67.

Amcor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Amcor’s previous quarterly dividend of $0.13. Amcor’s dividend payout ratio is 94.34%.

Analyst Ratings Changes

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