Amcor (NYSE:AMCR) Announces Earnings Results, Meets Estimates

Amcor (NYSE:AMCR - Get Free Report) posted its earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16, Zacks reports. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The company's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. 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 during trading hours on Friday. The stock had a trading volume of 17,235,207 shares, compared to its average volume of 19,636,906. Amcor has a 1-year low of $8.78 and a 1-year 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. The firm has a market cap of $14.50 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The stock has a 50-day simple moving average of $9.76 and a two-hundred day simple moving average of $10.44.

Amcor Announces Dividend

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

Analyst Upgrades and Downgrades

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