Amcor (AMCR) to Release Earnings on Tuesday

Amcor (NYSE:AMCR) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $3,356,910.00 billion 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 released its quarterly earnings data on Thursday, October 31st. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $0.16 EPS. Amcor’s revenue for the quarter was down 2.6% 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 AMCR opened at $9.89 on Tuesday. The business has a 50-day simple moving average of $9.84 and a two-hundred day simple moving average of $10.45. Amcor has a 12-month low of $8.78 and a 12-month high of $11.48. The stock has a market cap of $14.29 billion, a PE ratio of 18.65, a PEG ratio of 1.86 and a beta of 0.84. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 1.80.

Amcor Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were paid a $0.1275 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.51 annualized dividend and a dividend yield of 5.16%. This is an increase from Amcor’s previous quarterly dividend of $0.13. Amcor’s dividend payout ratio is currently 96.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMCR shares. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $12.00 in a report on Monday, January 6th. UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target for the company in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their price objective on Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.46.

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.