Zacks Research Has Bearish Outlook for Amcor FY2026 Earnings

Amcor plc (NYSE:AMCR - Free Report) - Analysts at Zacks Research cut their FY2026 earnings per share (EPS) estimates for shares of Amcor in a research note issued on Thursday, April 24th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.78 per share for the year, down from their prior forecast of $0.79. The consensus estimate for Amcor's current full-year earnings is $0.74 per share.

A number of other research firms have also issued reports on AMCR. Jefferies Financial Group raised Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Raymond James assumed coverage on Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating on the stock. Citigroup upgraded shares of Amcor from a "neutral" rating to a "buy" rating and raised their target price for the company from $11.00 to $12.00 in a report on Monday, January 6th. Finally, Truist Financial reduced their target price on shares of Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.31.

Amcor Stock Performance

Shares of AMCR traded down $0.12 during mid-day trading on Friday, reaching $9.54. 25,821,230 shares of the company's stock were exchanged, compared to its average volume of 15,617,730. The stock has a market capitalization of $13.79 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. The business's fifty day simple moving average is $9.67 and its 200-day simple moving average is $9.96. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. Amcor has a 52-week low of $8.37 and a 52-week high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The business 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 posted $0.09 EPS. The company's revenue for the quarter was down .3% on a year-over-year basis.

Institutional Investors Weigh In On Amcor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its holdings in Amcor by 303.9% in the fourth quarter. Marshall Wace LLP now owns 8,699,610 shares of the company's stock worth $81,863,000 after acquiring an additional 6,545,689 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Amcor by 25.1% in the fourth quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company's stock valued at $263,215,000 after acquiring an additional 5,614,233 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Amcor by 474.7% in the 4th quarter. First Trust Advisors LP now owns 5,402,490 shares of the company's stock worth $50,837,000 after buying an additional 4,462,367 shares in the last quarter. Invesco Ltd. raised its position in Amcor by 16.0% in the fourth quarter. Invesco Ltd. now owns 30,425,121 shares of the company's stock worth $286,300,000 after acquiring an additional 4,199,209 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Amcor during the fourth quarter valued at approximately $31,485,000. Institutional investors own 45.14% of the company's stock.

Insider Transactions at Amcor

In related news, Director Achal Agarwal purchased 10,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the transaction, the director now owns 88,967 shares of the company's stock, valued at $898,566.70. This represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th were issued a dividend of $0.1275 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.51 annualized dividend and a dividend yield of 5.35%. Amcor's payout ratio 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.