Amcor (NYSE:AMCR) Issues Quarterly Earnings Results

Amcor (NYSE:AMCR) announced its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16, Briefing.com reports. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. Amcor updated its FY25 guidance to $0.72-$0.76 EPS and its FY 2025 guidance to 0.720-0.760 EPS.

Amcor Price Performance

AMCR opened at $10.26 on Friday. Amcor has a 1 year low of $8.71 and a 1 year high of $11.48. The company’s 50 day simple moving average is $11.13 and its 200 day simple moving average is $10.41. The stock has a market capitalization of $14.83 billion, a PE ratio of 19.36, a P/E/G ratio of 1.98 and a beta of 0.85. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.17.

Amcor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be issued 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 dividend yield of 4.97%. The ex-dividend date of this dividend is Thursday, November 21st. Amcor’s dividend payout ratio is presently 94.34%.

Analysts Set New Price Targets

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