Amcor (NYSE:AMCR) Issues FY25 Earnings Guidance

Amcor (NYSE:AMCR) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.72-$0.76 for the period, compared to the consensus estimate of $0.74. Amcor also updated its FY 2025 guidance to 0.720-0.760 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup raised their price target on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Stifel Nicolaus assumed coverage on shares of Amcor in a research report on Tuesday, July 9th. They set a “hold” rating and a $10.80 price target on the stock. Robert W. Baird boosted their target price on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. upped 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. Finally, Wells Fargo & Company lifted their price objective on Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.78.

Amcor Trading Down 7.8 %

AMCR traded down $0.87 during mid-day trading on Friday, hitting $10.26. The stock had a trading volume of 17,811,446 shares, compared to its average volume of 6,014,431. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 2.00 and a beta of 0.85. Amcor has a 1-year low of $8.71 and a 1-year high of $11.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.17 and a quick ratio of 0.69. The stock’s fifty day simple moving average is $11.13 and its 200-day simple moving average is $10.42.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, research analysts forecast that Amcor will post 0.74 EPS for the current fiscal year.

Amcor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Amcor’s previous quarterly dividend of $0.13. Amcor’s dividend payout ratio is 94.34%.

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.