Amcor (AMCR) Set to Announce Quarterly Earnings on Thursday

Amcor (NYSE:AMCR) is set to post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Amcor to post 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Thursday, August 15th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. 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 5.35% and a return on equity of 25.45%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 EPS. On average, analysts expect Amcor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amcor Stock Performance

Shares of NYSE:AMCR opened at $11.03 on Thursday. 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 company has a 50-day moving average price of $11.12 and a 200-day moving average price of $10.32. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85. Amcor has a 12 month low of $8.51 and a 12 month high of $11.48.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Friday, September 6th. Amcor’s payout ratio is 111.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their price objective on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus assumed coverage on shares of Amcor in a research report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 target price for the company. Citigroup boosted their price target on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amcor currently has a consensus rating of “Hold” and a consensus price target 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.