Amcor (NYSE:AMCR) Releases Quarterly Earnings Results, Hits Expectations

Amcor (NYSE:AMCR) issued its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16, Zacks reports. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. Amcor had a return on equity of 25.60% and a net margin of 5.68%. Amcor’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. Amcor updated its FY 2025 guidance to 0.720-0.760 EPS and its FY25 guidance to $0.72-0.76 EPS.

Amcor Price Performance

AMCR stock opened at $10.21 on Thursday. The business has a 50-day simple moving average of $9.76 and a two-hundred day simple moving average of $10.44. Amcor has a 52-week low of $8.78 and a 52-week high of $11.48. The company has a market capitalization of $14.76 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.74 and a current ratio of 1.29.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.1275 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.51 annualized dividend and a yield of 4.99%. Amcor’s payout ratio is 96.23%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMCR shares. Citigroup raised Amcor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday. UBS Group upgraded Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amcor presently has a consensus rating of “Moderate Buy” and an average target price of $11.46.

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.