Amcor (NYSE:AMCR) Issues FY25 Earnings Guidance

Amcor (NYSE:AMCR) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.72-$0.76 for the period, compared to the consensus earnings per share estimate of $0.74. Amcor also updated its FY 2025 guidance to 0.720-0.760 EPS.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company boosted 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. Stifel Nicolaus began coverage on Amcor in a report on Tuesday, July 9th. They set a “hold” rating and a $10.80 price objective on the stock. Citigroup boosted their target price on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.78.

Amcor Stock Performance

Amcor stock traded down $0.87 during mid-day trading on Friday, reaching $10.26. 17,811,446 shares of the company were exchanged, compared to its average volume of 6,014,431. The firm has a market cap of $14.83 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.00 and a beta of 0.85. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.17. The firm’s 50-day simple moving average is $11.13 and its two-hundred day simple moving average is $10.42. Amcor has a twelve month low of $8.71 and a twelve month high of $11.48.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $1.33 billion. Amcor had a net margin of 5.68% and a return on equity of 25.60%. Amcor’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. Equities analysts predict that Amcor will post 0.74 earnings per share for the current fiscal year.

Amcor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Thursday, November 21st will be paid a $0.1275 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Amcor’s previous quarterly dividend of $0.13. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.97%. Amcor’s payout ratio is 94.34%.

Amcor Company Profile

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.