Amcor (NYSE:AMCR) Announces Earnings Results

Amcor (NYSE:AMCR) released its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16, Zacks reports. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s revenue was down .3% on a year-over-year basis. Amcor updated its FY 2025 guidance to 0.720-0.760 EPS and its FY25 guidance to $0.72-0.76 EPS.

Amcor Stock Performance

NYSE:AMCR opened at $10.05 on Wednesday. The stock’s 50-day simple moving average is $9.77 and its 200 day simple moving average is $10.44. The firm has a market capitalization of $14.52 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 1.80. Amcor has a twelve month low of $8.78 and a twelve month high of $11.48.

Analyst Ratings Changes

A number of research firms have weighed in on AMCR. UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Bank of America upgraded Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target on the stock in a research note on Wednesday, December 11th. Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and increased their price target for the company from $10.00 to $12.00 in a research note on Monday, January 6th. Jefferies Financial Group upgraded Amcor from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.46.

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.