Amcor (NYSE:AMCR – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, Yahoo Finance reports. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.49 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. Amcor updated its FY24 guidance to $0.685-0.71 EPS.
Amcor Price Performance
Shares of NYSE AMCR opened at $9.80 on Thursday. The stock has a fifty day moving average of $9.20 and a 200-day moving average of $9.28. The stock has a market cap of $14.16 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 9.95 and a beta of 0.78. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. Amcor has a fifty-two week low of $8.45 and a fifty-two week high of $11.04.
Amcor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.50 dividend on an annualized basis and a yield of 5.10%. Amcor’s payout ratio is 113.64%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on AMCR
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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