Zacks Research Issues Positive Forecast for Amcor Earnings

Amcor PLC (NYSE:AMCR) – Equities research analysts at Zacks Research increased their Q1 2028 earnings per share estimates for shares of Amcor in a research note issued on Monday, December 8th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.24 per share for the quarter, up from their previous forecast of $0.23. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share.

Amcor (NYSE:AMCR) last released its earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Amcor had a return on equity of 17.35% and a net margin of 3.34%.The business’s revenue was up 71.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price on the stock. Robert W. Baird lowered their price objective on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Royal Bank Of Canada assumed coverage on Amcor in a research note on Monday, September 22nd. They set a “sector perform” rating on the stock. Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 target price for the company in a research report on Friday, October 10th. Finally, Wells Fargo & Company lowered their price target on Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and a consensus target price of $10.71.

Amcor Trading Up 1.2%

NYSE AMCR opened at $8.21 on Wednesday. The company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 0.80 and a beta of 0.68. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.04 and a quick ratio of 0.62. Amcor has a 12 month low of $7.66 and a 12 month high of $10.45. The company’s fifty day moving average price is $8.24 and its two-hundred day moving average price is $8.74.

Amcor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 28th will be issued a $0.13 dividend. This is a positive change from Amcor’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 6.3%. Amcor’s dividend payout ratio (DPR) is 152.94%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its position in Amcor by 10.8% in the third quarter. Allworth Financial LP now owns 35,464 shares of the company’s stock worth $290,000 after buying an additional 3,446 shares during the period. Groupama Asset Managment bought a new position in shares of Amcor during the third quarter worth about $205,000. CIBC Bancorp USA Inc. bought a new position in shares of Amcor during the third quarter worth about $11,542,000. Alpine Global Management LLC acquired a new stake in shares of Amcor in the 3rd quarter worth about $1,469,000. Finally, Old North State Trust LLC acquired a new stake in shares of Amcor in the 3rd quarter worth about $172,000. 45.14% of the stock is currently owned by institutional investors.

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.