Amcor (NYSE:AMCR) Posts Earnings Results, Meets Expectations

Amcor (NYSE:AMCR) posted its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16, Briefing.com reports. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm 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 Performance

AMCR stock traded down $0.93 during trading hours on Friday, reaching $10.20. The stock had a trading volume of 10,213,655 shares, compared to its average volume of 8,797,197. The stock has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $10.39. Amcor has a fifty-two week low of $8.71 and a fifty-two week high of $11.48. The stock has a market capitalization of $14.74 billion, a PE ratio of 20.06, 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 current ratio of 1.17 and a quick ratio of 0.69.

Amcor Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.1275 per share. This is a positive change from Amcor’s previous quarterly dividend of $0.13. This represents a $0.51 annualized dividend and a yield of 5.00%. Amcor’s dividend payout ratio is 98.04%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMCR. JPMorgan Chase & Co. lifted 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. Stifel Nicolaus began coverage on Amcor in a research note on Tuesday, July 9th. They issued a “hold” rating and a $10.80 target price on the stock. Robert W. Baird increased their target price on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company lifted their price target on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Citigroup boosted their price target 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.