Amcor (AMCR) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amcor in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AMCR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMCR, but not buy additional shares or sell existing shares.
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3 analysts have issued 12-month price targets for Amcor's shares. Their AMCR share price targets range from $10.00 to $10.00. On average, they anticipate the company's share price to reach $10.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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Amcor's stock was trading at $9.64 at the beginning of the year. Since then, AMCR shares have increased by 3.8% and is now trading at $10.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 21st 2024.
View our AMCR earnings forecast.

Amcor plc (NYSE:AMCR) announced its earnings results on Tuesday, April, 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company earned $3.41 billion during the quarter, compared to analyst estimates of $3.49 billion. Amcor had a trailing twelve-month return on equity of 24.66% and a net margin of 4.75%. The company's revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS.
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Amcor declared a quarterly dividend on Tuesday, April 30th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.125 per share on Tuesday, June 11th. This represents a $0.50 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Tuesday, May 21st.
Read our dividend analysis for AMCR.

Amcor (NYSE:AMCR) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.10%. AMCR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 111.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AMCR will have a dividend payout ratio of 67.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMCR.

ETFs with the largest weight of Amcor (NYSE:AMCR) stock in their portfolio include Invesco MSCI Global Timber ETF (CUT), Invesco S&P 500 Equal Weight Materials ETF (RTM), Invesco S&P 500 Equal Weight Materials ETF (RSPM), WisdomTree U.S. AI Enhanced Value Fund (AIVL), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and ALPS Sector Dividend Dogs ETF (SDOG).

Amcor updated its FY24 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of $0.685-0.71 for the period, compared to the consensus EPS estimate of $0.68.

Based on aggregate information from My MarketBeat watchlists, some companies that other Amcor investors own include AbbVie (ABBV), AT&T (T), Pfizer (PFE), Johnson & Johnson (JNJ), Verizon Communications (VZ), Realty Income (O), Cisco Systems (CSCO), Medtronic (MDT), NVIDIA (NVDA) and Procter & Gamble (PG).

Amcor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vest Financial LLC (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Raymond James & Associates (0.23%), BNP Paribas Financial Markets (0.16%), Principal Financial Group Inc. (0.13%) and New York State Teachers Retirement System (0.09%). Insiders that own company stock include Arun Nayar, Eric V Roegner, Ian Wilson, Julie Marie Sorrells, Louis Fred Stephan, Michael Casamento, Michael J Zacka, Michael J Zacka, Nicholas T Long and Ronald Stephen Delia.
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Shares of AMCR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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