Amcor PLC (NYSE:AMCR – Free Report) – Investment analysts at Zacks Research lowered their FY2026 earnings per share estimates for shares of Amcor in a research report issued on Tuesday, September 23rd. Zacks Research analyst Team now expects that the company will earn $0.80 per share for the year, down from their previous estimate of $0.81. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share.
Several other brokerages have also recently commented on AMCR. Royal Bank Of Canada began coverage on shares of Amcor in a research report on Monday. They issued a “sector perform” rating for the company. Jefferies Financial Group began coverage on Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Amcor in a research note on Friday, September 19th. They set an “overweight” rating and a $10.00 target price for the company. Robert W. Baird reduced their price target on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Finally, UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.21.
Amcor Trading Up 0.1%
Shares of AMCR stock opened at $7.99 on Thursday. Amcor has a fifty-two week low of $7.90 and a fifty-two week high of $11.48. The company has a 50 day moving average price of $8.85 and a 200 day moving average price of $9.18. The stock has a market capitalization of $11.54 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.04 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21.
Amcor (NYSE:AMCR – Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $5.08 billion for 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 firm’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS.
Institutional Trading of Amcor
Institutional investors have recently modified their holdings of the stock. Caldwell Trust Co acquired a new position in shares of Amcor in the 2nd quarter valued at $54,000. Osaic Holdings Inc. lifted its position in Amcor by 51.3% in the second quarter. Osaic Holdings Inc. now owns 632,005 shares of the company’s stock valued at $5,814,000 after acquiring an additional 214,345 shares during the last quarter. Total Investment Management Inc. acquired a new position in Amcor in the second quarter valued at $48,000. Orion Porfolio Solutions LLC grew its holdings in shares of Amcor by 131.3% during the second quarter. Orion Porfolio Solutions LLC now owns 150,460 shares of the company’s stock worth $1,383,000 after purchasing an additional 85,409 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Amcor by 2,749.3% during the second quarter. Thrivent Financial for Lutherans now owns 7,560,037 shares of the company’s stock worth $69,477,000 after purchasing an additional 7,294,703 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.
Insiders Place Their Bets
In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at $85,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.
Amcor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a dividend of $0.1275 per share. The ex-dividend date was Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.4%. Amcor’s payout ratio is presently 141.67%.
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.
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