Zacks Research Estimates Amcor’s FY2028 Earnings (NYSE:AMCR)

Amcor PLC (NYSE:AMCR) – Zacks Research cut their FY2028 earnings per share (EPS) estimates for Amcor in a research note issued to investors on Wednesday, November 19th. Zacks Research analyst Team now expects that the company will earn $0.94 per share for the year, down from their prior estimate of $0.95. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share.

AMCR has been the subject of several other reports. Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective for the company in a research note on Friday, October 10th. The Goldman Sachs Group began coverage on Amcor in a research note on Wednesday, September 10th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research note on Friday, September 19th. They set an “overweight” rating and a $10.00 target price on the stock. Finally, Robert W. Baird lowered their price target on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.91.

Amcor Stock Performance

AMCR stock traded up $0.06 during midday trading on Thursday, reaching $8.48. 2,068,426 shares of the company’s stock traded hands, compared to its average volume of 27,483,898. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. Amcor has a 52-week low of $7.66 and a 52-week high of $10.70. The stock has a market cap of $19.54 billion, a P/E ratio of 23.57, a PEG ratio of 1.14 and a beta of 0.72. The stock’s 50-day moving average is $8.18 and its 200 day moving average is $8.82.

Amcor (NYSE:AMCR) last released its quarterly 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. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS.

Institutional Investors Weigh In On Amcor

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in Amcor by 5.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock valued at $190,000 after acquiring an additional 1,035 shares during the last quarter. Rothschild Investment LLC increased its position in shares of Amcor by 4.2% during the 2nd quarter. Rothschild Investment LLC now owns 26,179 shares of the company’s stock valued at $241,000 after purchasing an additional 1,049 shares during the last quarter. South Dakota Investment Council raised its stake in shares of Amcor by 6.6% in the second quarter. South Dakota Investment Council now owns 19,302 shares of the company’s stock valued at $177,000 after acquiring an additional 1,202 shares during the period. First County Bank CT lifted its stake in Amcor by 5.8% in the third quarter. First County Bank CT now owns 23,142 shares of the company’s stock worth $189,000 after purchasing an additional 1,275 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Amcor by 3.3% during the third quarter. GAMMA Investing LLC now owns 40,471 shares of the company’s stock valued at $331,000 after buying an additional 1,305 shares during the period. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.52 dividend on an annualized basis and a yield of 6.1%. This is a boost from Amcor’s previous quarterly dividend of $0.13. Amcor’s payout ratio is presently 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.