Zacks Research Forecasts Amcor’s FY2027 Earnings (NYSE:AMCR)

Amcor PLC (NYSE:AMCR) – Analysts at Zacks Research decreased their FY2027 earnings estimates for shares of Amcor in a research note issued to investors on Tuesday, September 23rd. Zacks Research analyst Team now forecasts that the company will post earnings of $0.86 per share for the year, down from their prior estimate of $0.87. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share.

A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada assumed coverage on Amcor in a report on Monday. They set a “sector perform” rating for the company. JPMorgan Chase & Co. began coverage on shares of Amcor in a research note on Friday, September 19th. They set an “overweight” rating and a $10.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target on the stock. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Finally, Truist Financial set a $11.00 price objective on shares of Amcor and gave the company a “buy” rating in a research report on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.21.

Amcor Trading Down 1.3%

AMCR opened at $7.99 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The stock’s 50 day moving average price is $8.88 and its 200-day moving average price is $9.19. Amcor has a one year low of $7.97 and a one year high of $11.48. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.06 and a beta of 0.72.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, September 5th. Amcor’s dividend payout ratio is presently 141.67%.

Insider Buying and Selling

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $8.55 per share, with a total value of $85,500.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $85,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Amcor

Hedge funds and other institutional investors have recently modified their holdings of the business. NewSquare Capital LLC raised its stake in Amcor by 377.9% in the second quarter. NewSquare Capital LLC now owns 2,810 shares of the company’s stock worth $26,000 after buying an additional 2,222 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Amcor by 839.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after acquiring an additional 2,704 shares during the period. Rakuten Securities Inc. raised its position in shares of Amcor by 18,725.0% in the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock worth $29,000 after acquiring an additional 2,996 shares in the last quarter. Adirondack Trust Co. bought a new position in shares of Amcor in the 2nd quarter worth $29,000. Finally, HM Payson & Co. purchased a new stake in shares of Amcor during the 1st quarter worth $30,000. 45.14% of the stock is currently owned by institutional investors.

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.