Zacks Research Forecasts Amcor’s Q2 Earnings (NYSE:AMCR)

Amcor PLC (NYSE:AMCR) – Equities researchers at Zacks Research lifted their Q2 2027 EPS estimates for Amcor in a research report issued to clients and investors on Wednesday, November 19th. Zacks Research analyst Team now expects 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.

AMCR has been the topic of a number of other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. Robert W. Baird lowered their price objective on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Stifel Nicolaus raised shares of Amcor from a “hold” rating to a “buy” rating and set a $10.20 target price on the stock in a report on Friday, October 10th. The Goldman Sachs Group assumed coverage on Amcor in a report on Wednesday, September 10th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada assumed coverage on Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Amcor presently has a consensus rating of “Moderate Buy” and an average price target of $10.91.

Amcor Stock Down 0.6%

NYSE:AMCR opened at $8.37 on Friday. The firm has a market capitalization of $19.29 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. Amcor has a twelve month low of $7.66 and a twelve month high of $10.70. The stock’s 50 day moving average price is $8.18 and its two-hundred day moving average price is $8.82.

Amcor (NYSE:AMCR) last released its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. Amcor’s quarterly revenue was up 71.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Cerity Partners LLC grew its stake in Amcor by 8.9% during the first quarter. Cerity Partners LLC now owns 83,560 shares of the company’s stock worth $811,000 after buying an additional 6,834 shares in the last quarter. Private Advisor Group LLC raised its position in Amcor by 18.5% during the first quarter. Private Advisor Group LLC now owns 18,257 shares of the company’s stock valued at $177,000 after purchasing an additional 2,849 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Amcor by 4.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 111,785 shares of the company’s stock valued at $1,084,000 after purchasing an additional 4,684 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Amcor by 20.7% during the first quarter. Allianz Asset Management GmbH now owns 101,985 shares of the company’s stock worth $989,000 after purchasing an additional 17,505 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Amcor by 1.8% in the 1st quarter. KLP Kapitalforvaltning AS now owns 530,392 shares of the company’s stock valued at $5,145,000 after purchasing an additional 9,400 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.13 per share. This is a boost from Amcor’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 28th. This represents a $0.52 dividend on an annualized basis and a yield of 6.2%. Amcor’s dividend payout ratio is 152.94%.

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.