Amcor (NYSE:AMCR) Updates FY25 Earnings Guidance

Amcor (NYSE:AMCR) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.72-$0.76 for the period, compared to the consensus estimate of $0.74.

Analyst Ratings Changes

A number of analysts recently weighed in on AMCR shares. Stifel Nicolaus started coverage on shares of Amcor in a research note on Tuesday, July 9th. They issued a “hold” rating and a $10.80 target price on the stock. Citigroup increased their target price on Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price target on Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Wells Fargo & Company upped their price objective on shares of Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.78.

Amcor Trading Up 0.6 %

Shares of NYSE:AMCR traded up $0.07 during mid-day trading on Thursday, reaching $11.13. The stock had a trading volume of 13,894,555 shares, compared to its average volume of 8,790,465. Amcor has a twelve month low of $8.59 and a twelve month high of $11.48. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The firm has a market cap of $16.09 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85. The firm has a 50 day simple moving average of $11.15 and a two-hundred day simple moving average of $10.39.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $1.30 billion. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. On average, research analysts predict that Amcor will post 0.75 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.49%. Amcor’s payout ratio is presently 111.11%.

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.