Amcor (AMCR) Scheduled to Post Quarterly Earnings on Tuesday

Amcor (NYSE:AMCR) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Amcor to post earnings of $0.17 per share for the quarter. Amcor has set its FY 2024 guidance at 0.670-0.710 EPS and its FY24 guidance at $0.67-0.71 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. On average, analysts expect Amcor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amcor Stock Performance

Shares of AMCR stock opened at $8.97 on Friday. The stock has a market cap of $12.96 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 9.84 and a beta of 0.78. The business has a 50-day simple moving average of $9.19 and a 200-day simple moving average of $9.27. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. Amcor has a 52-week low of $8.45 and a 52-week high of $11.09.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 annualized dividend and a dividend yield of 5.57%. Amcor’s dividend payout ratio (DPR) is presently 113.64%.

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.