Amcor (AMCR) to Release Quarterly Earnings on Thursday

Amcor (NYSE:AMCR) is scheduled to release its earnings data 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

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

Amcor Stock Up 0.4 %

Shares of NYSE AMCR opened at $11.03 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 1.67. The company has a market cap of $15.94 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.72 and a beta of 0.85. Amcor has a 52 week low of $8.51 and a 52 week high of $11.48. The business has a 50-day simple moving average of $11.12 and a two-hundred day simple moving average of $10.32.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 6th were given a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.53%. Amcor’s dividend payout ratio (DPR) is currently 111.11%.

Wall Street Analysts Forecast Growth

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

Amcor Company Profile

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.