Amcor (AMCR) to Release Earnings on Tuesday

Amcor (NYSE:AMCR - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, February 4th. Analysts expect Amcor to post earnings of $0.16 per share and revenue of $3.33 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 interested in registering for the company's conference call can do so using this link.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The firm had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The business'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 Trading Down 0.8 %

AMCR traded down $0.08 on Tuesday, reaching $9.82. 12,623,013 shares of the company traded hands, compared to its average volume of 15,874,409. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 1.80. The company has a market cap of $14.19 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The firm has a fifty day simple moving average of $9.84 and a two-hundred day simple moving average of $10.46. Amcor has a one year low of $8.78 and a one year high of $11.48.

Amcor Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were issued a $0.1275 dividend. This is a positive change from Amcor's previous quarterly dividend of $0.13. The ex-dividend date was Thursday, November 21st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.20%. Amcor's payout ratio is presently 96.23%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMCR. Bank of America raised Amcor from an "underperform" rating to a "buy" rating and set a $12.50 target price for the company in a research report on Wednesday, December 11th. UBS Group raised shares of Amcor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Citigroup raised shares of Amcor from a "neutral" rating to a "buy" rating and raised their target price for the company from $11.00 to $12.00 in a research report on Monday, January 6th. Macquarie upgraded Amcor from a "neutral" rating to an "outperform" rating in a research note on Wednesday, November 27th. Finally, Truist Financial upgraded Amcor from a "hold" rating to a "buy" rating and upped their target price for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.46.

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.