Amcor (NYSE:AMCR) Updates 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMCR shares. Stifel Nicolaus assumed coverage on shares of Amcor in a report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 target price on the stock. Citigroup upped their price target on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Robert W. Baird raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Wells Fargo & Company boosted their target price 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.78.

Amcor Trading Up 0.6 %

Shares of AMCR traded up $0.07 during mid-day trading on Thursday, reaching $11.13. 13,894,555 shares of the company were exchanged, compared to its average volume of 8,790,465. The business has a 50 day simple moving average of $11.15 and a two-hundred day simple moving average of $10.39. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.17. The stock has a market capitalization of $16.09 billion, a PE ratio of 24.60, a PEG ratio of 2.72 and a beta of 0.85. Amcor has a 52 week low of $8.59 and a 52 week high of $11.48.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.19 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. On average, analysts predict that Amcor will post 0.75 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, September 6th. Amcor’s dividend payout ratio is 111.11%.

About Amcor

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.