Amcor (AMCR) to Release Quarterly Earnings on Thursday

Amcor (NYSE:AMCR - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.16 per share 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 participating in 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, August 15th. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $0.19 EPS. The firm's revenue was down 3.8% compared to the same quarter last year. On average, analysts expect Amcor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amcor Trading Up 0.2 %

Shares of AMCR stock traded up $0.02 during mid-day trading on Thursday, reaching $11.06. The stock had a trading volume of 5,205,041 shares, compared to its average volume of 8,823,850. The firm has a market capitalization of $15.99 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85. The stock's 50-day moving average price is $11.12 and its two-hundred day moving average price is $10.32. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Amcor has a 52-week low of $8.51 and a 52-week high of $11.48.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were paid a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 4.52%. Amcor's payout ratio is presently 111.11%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMCR shares. Wells Fargo & Company increased their price objective on Amcor from $10.50 to $10.80 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Robert W. Baird raised their price target on Amcor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, August 16th. Stifel Nicolaus began coverage on shares of Amcor in a research report on Tuesday, July 9th. They set a "hold" rating and a $10.80 price objective on the stock. Citigroup raised their target price on shares of Amcor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amcor from $10.00 to $11.10 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Amcor has a consensus rating of "Hold" and an average target price 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.