Amcor (NYSE:AMCR – Get Free Report) released its earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01, Briefing.com reports. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. Amcor updated its FY25 guidance to $0.72-0.76 EPS and its FY 2025 guidance to 0.720-0.760 EPS.
Amcor Price Performance
AMCR opened at $10.45 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.29 and a quick ratio of 0.75. The company’s 50 day simple moving average is $10.10 and its 200-day simple moving average is $9.68. Amcor has a one year low of $8.45 and a one year high of $10.91. The stock has a market capitalization of $15.10 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 4.64 and a beta of 0.86.
Amcor Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, September 6th. Amcor’s dividend payout ratio is presently 111.11%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Amcor
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.
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