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

Amcor (NYSE:AMCR - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16, Zacks reports. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the firm posted $0.09 earnings per share. Amcor's revenue was down .3% on a year-over-year basis. Amcor updated its FY 2025 guidance to 0.720-0.760 EPS and its FY25 guidance to $0.72-0.76 EPS.

Amcor Stock Performance

Shares of AMCR stock remained flat at $10.03 on Friday. 17,235,207 shares of the stock traded hands, compared to its average volume of 19,636,906. The business has a 50-day simple moving average of $9.76 and a 200 day simple moving average of $10.44. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. Amcor has a fifty-two week low of $8.78 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.29 and a quick ratio of 0.74.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.1275 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.08%. Amcor's dividend payout ratio is currently 92.73%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMCR shares. Macquarie raised Amcor from a "neutral" rating to an "outperform" rating in a research report on Wednesday, November 27th. UBS Group raised Amcor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. 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 report on Tuesday, October 15th. Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday. Finally, Bank of America upgraded shares of Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price objective for the company in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and a consensus 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.