Zacks Research Brokers Raise Earnings Estimates for Amcor

Amcor plc (NYSE:AMCR) – Zacks Research boosted their Q1 2027 earnings per share estimates for Amcor in a note issued to investors on Tuesday, February 18th. Zacks Research analyst M. Das now expects that the company will earn $0.19 per share for the quarter, up from their previous estimate of $0.18. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share. Zacks Research also issued estimates for Amcor’s FY2027 earnings at $0.82 EPS.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis.

Several other equities analysts also recently commented on AMCR. UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and boosted their price target for the company from $10.00 to $12.00 in a research note on Monday, January 6th. Bank of America upgraded 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, Macquarie upgraded Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amcor presently has an average rating of “Moderate Buy” and a consensus price target of $11.46.

Amcor Price Performance

Amcor stock opened at $10.24 on Friday. Amcor has a 12 month low of $8.80 and a 12 month high of $11.48. The stock’s 50 day moving average is $9.72 and its 200-day moving average is $10.42. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.99 and a beta of 0.84.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, February 26th. Amcor’s payout ratio is presently 92.73%.

Institutional Investors Weigh In On Amcor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its stake in Amcor by 3,410.3% during the third quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock worth $27,000 after purchasing an additional 2,319 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Amcor by 247.4% in the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock valued at $35,000 after acquiring an additional 2,660 shares during the last quarter. Quarry LP lifted its stake in shares of Amcor by 2,064.5% in the 4th quarter. Quarry LP now owns 3,723 shares of the company’s stock valued at $35,000 after acquiring an additional 3,551 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Amcor by 3,794.1% in the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Amcor by 52.4% in the 4th quarter. Huntington National Bank now owns 4,426 shares of the company’s stock valued at $42,000 after acquiring an additional 1,522 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

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.