$0.15 Earnings Per Share Expected for Amcor plc (NASDAQ:AMCR) This Quarter
Wall Street brokerages expect Amcor plc (NASDAQ:AMCR) to announce earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Amcor’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.14. Amcor posted earnings per share of $0.13 during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The firm is scheduled to report its next earnings results on Thursday, July 25th.
On average, analysts expect that Amcor will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.57. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Amcor.
Amcor (NASDAQ:AMCR) last posted its quarterly earnings data on Monday, April 22nd. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1 billion.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CENTRAL TRUST Co purchased a new position in Amcor in the second quarter valued at about $28,000. Riverview Trust Co purchased a new position in Amcor in the second quarter valued at about $34,000. American Research & Management Co. purchased a new position in Amcor in the second quarter valued at about $35,000. Bessemer Group Inc. purchased a new position in Amcor in the second quarter valued at about $49,000. Finally, Bay Harbor Wealth Management LLC purchased a new position in Amcor in the second quarter valued at about $53,000.
Shares of AMCR stock traded down $0.01 on Friday, reaching $11.27. 3,358,112 shares of the stock were exchanged, compared to its average volume of 8,343,678. Amcor has a twelve month low of $10.46 and a twelve month high of $11.77.
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.
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