Amcor (NYSE:AMCR) Issues FY25 Earnings Guidance

Amcor (NYSE:AMCR - Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.72-0.76 for the period, compared to the consensus estimate of $0.74. Amcor also updated its FY 2025 guidance to 0.720-0.760 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMCR. UBS Group raised shares of Amcor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Macquarie upgraded Amcor from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 27th. 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 report on Wednesday, December 11th. Jefferies Financial Group raised Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, Truist Financial upgraded shares of Amcor from a "hold" rating to a "buy" rating and raised their target price for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Three 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 company's stock. According to MarketBeat, Amcor has a consensus rating of "Moderate Buy" and a consensus target price of $11.46.

Amcor Stock Performance

AMCR stock remained flat at $10.03 during midday trading on Friday. 17,235,207 shares of the company's stock were exchanged, compared to its average volume of 20,073,714. The company's 50-day moving average price is $9.74 and its 200 day moving average price is $10.44. The stock has a market capitalization of $14.50 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.92 and a beta of 0.84. Amcor has a 12 month low of $8.78 and a 12 month high of $11.48. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.74.

Amcor (NYSE:AMCR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The firm had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company's revenue was down .3% on a year-over-year basis. On average, sell-side analysts anticipate that Amcor will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

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

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.