Brokers Issue Forecasts for Amcor’s Q2 Earnings (NYSE:AMCR)

Amcor PLC (NYSE:AMCR) – Analysts at Zacks Research raised their Q2 2027 earnings estimates for Amcor in a research note issued to investors on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the company will earn $0.20 per share for the quarter, up from their previous estimate of $0.19. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share. Zacks Research also issued estimates for Amcor’s FY2027 earnings at $0.88 EPS.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the firm posted $0.16 earnings per share. The business’s quarterly revenue was up 71.3% compared to the same quarter last year.

A number of other equities research analysts have also commented on AMCR. Morgan Stanley reaffirmed an “overweight” rating and set a $11.50 price target on shares of Amcor in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. Wells Fargo & Company cut their price target on shares of Amcor from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a research report on Friday, September 19th. They set an “overweight” rating and a $10.00 price objective for the company. Finally, Stifel Nicolaus upgraded shares of Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective on the stock in a report on Friday, October 10th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.91.

Amcor Stock Performance

AMCR stock opened at $8.48 on Friday. Amcor has a 1-year low of $7.66 and a 1-year high of $10.70. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. The firm has a market cap of $19.55 billion, a PE ratio of 23.56, a P/E/G ratio of 1.14 and a beta of 0.72. The business’s 50-day moving average price is $8.18 and its two-hundred day moving average price is $8.81.

Amcor Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 28th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.1%. This is a boost from Amcor’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 28th. Amcor’s dividend payout ratio is 152.94%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewSquare Capital LLC increased its stake in Amcor by 377.9% in the 2nd quarter. NewSquare Capital LLC now owns 2,810 shares of the company’s stock valued at $26,000 after buying an additional 2,222 shares during the last quarter. Quent Capital LLC bought a new position in shares of Amcor in the 3rd quarter valued at about $27,000. AdvisorNet Financial Inc increased its position in shares of Amcor by 839.8% in the second 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 last quarter. Adirondack Trust Co. acquired a new stake in shares of Amcor in the second quarter valued at about $29,000. Finally, Brentview Investment Management LLC bought a new stake in Amcor during the first quarter worth about $31,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

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.