Zacks Research Issues Optimistic Forecast for Amcor Earnings

Amcor plc (NYSE:AMCR) – Equities researchers at Zacks Research lifted their Q1 2027 earnings estimates for Amcor in a research report issued on Tuesday, February 18th. Zacks Research analyst M. Das now expects that the company will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.18. 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 $0.82 EPS.

Other research analysts also recently issued reports about the company. Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Bank of America upgraded Amcor from an “underperform” rating to a “buy” rating and set a $12.50 target price on the stock in a report on Wednesday, December 11th. Finally, Truist Financial raised Amcor from a “hold” rating to a “buy” rating and increased their price target for the company from $10.00 to $12.00 in a report on Monday, January 6th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Amcor Price Performance

NYSE:AMCR opened at $10.38 on Friday. The stock has a 50 day moving average of $9.72 and a two-hundred day moving average of $10.42. Amcor has a 12 month low of $8.80 and a 12 month high of $11.48. The firm has a market cap of $15.00 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80.

Amcor (NYSE:AMCR) last announced its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th will be paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Wednesday, February 26th. Amcor’s dividend payout ratio (DPR) is presently 92.73%.

Institutional Trading of Amcor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Larson Financial Group LLC boosted its stake in Amcor by 3,410.3% during the third quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock worth $27,000 after buying an additional 2,319 shares during the period. True Wealth Design LLC lifted its holdings in shares of Amcor by 3,794.1% in the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock worth $38,000 after acquiring an additional 3,225 shares during the last quarter. Quarry LP boosted its position in shares of Amcor by 2,064.5% during the 4th quarter. Quarry LP now owns 3,723 shares of the company’s stock worth $35,000 after purchasing an additional 3,551 shares during the period. Jones Financial Companies Lllp increased its holdings in Amcor by 247.4% in the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock valued at $35,000 after purchasing an additional 2,660 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Amcor in the fourth quarter valued at approximately $44,000. 45.14% of the stock is owned by institutional investors and hedge funds.

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.