Amcor (NYSE:AMCR) Issues Earnings Results

Amcor (NYSE:AMCR - Get Free Report) issued its earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16, Briefing.com reports. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $1.33 billion. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The company's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Amcor updated its FY25 guidance to $0.72-$0.76 EPS and its FY 2025 guidance to 0.720-0.760 EPS.

Amcor Stock Down 7.8 %

NYSE AMCR traded down $0.87 on Friday, reaching $10.26. The company had a trading volume of 17,808,305 shares, compared to its average volume of 8,833,036. The company's fifty day moving average is $11.13 and its 200-day moving average is $10.40. Amcor has a 1-year low of $8.71 and a 1-year high of $11.48. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.98 and a beta of 0.85. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.17.

Amcor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Thursday, November 21st will be issued a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.97%. This is a positive change from Amcor's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, November 21st. Amcor's dividend payout ratio (DPR) is presently 98.04%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup lifted their price target on Amcor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Robert W. Baird lifted their target price on shares of Amcor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. Stifel Nicolaus began coverage on shares of Amcor in a research note on Tuesday, July 9th. They issued a "hold" rating and a $10.80 target price for the company. JPMorgan Chase & Co. raised their price target on Amcor from $10.00 to $11.10 and gave the company an "overweight" rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company upped their target price on shares of Amcor from $10.50 to $10.80 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $10.78.

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.