Amcor (NYSE:AMCR) Issues Earnings Results, Hits Expectations

Amcor (NYSE:AMCR) issued 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 return on equity of 25.45% and a net margin of 5.35%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s quarterly revenue 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 Stock Down 7.8 %

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

Amcor Increases Dividend

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

Wall Street Analyst Weigh In

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