Research Analysts Issue Forecasts for Amcor FY2027 Earnings

Amcor PLC (NYSE:AMCR) – Analysts at Zacks Research dropped their FY2027 earnings per share estimates for shares of Amcor in a research note issued to investors on Tuesday, September 23rd. Zacks Research analyst Team now anticipates that the company will post earnings of $0.86 per share for the year, down from their previous estimate of $0.87. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share.

Amcor (NYSE:AMCR) last issued its earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS.

Several other analysts also recently issued reports on AMCR. Royal Bank Of Canada started coverage on Amcor in a research note on Monday. They issued a “sector perform” rating for the company. Robert W. Baird reduced their price target on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. Truist Financial set a $11.00 price target on Amcor and gave the company a “buy” rating in a research note on Friday, July 11th. Wells Fargo & Company boosted their price target on Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group started coverage on Amcor in a research note on Wednesday, September 10th. They issued a “buy” rating for the company. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and a consensus price target of $11.21.

Amcor Stock Performance

Shares of NYSE AMCR opened at $8.09 on Wednesday. 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 12 month low of $8.07 and a 12 month high of $11.48. The stock has a 50 day moving average of $8.91 and a 200-day moving average of $9.20. The company has a market capitalization of $11.69 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.08 and a beta of 0.72.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be issued a $0.1275 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.3%. Amcor’s payout ratio is currently 141.67%.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at approximately $85,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amcor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMCR. NewSquare Capital LLC raised its holdings in Amcor by 377.9% in the 2nd quarter. NewSquare Capital LLC now owns 2,810 shares of the company’s stock valued at $26,000 after acquiring an additional 2,222 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Amcor by 839.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after acquiring an additional 2,704 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Amcor by 18,725.0% in the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock valued at $29,000 after acquiring an additional 2,996 shares in the last quarter. Adirondack Trust Co. acquired a new position in Amcor in the 2nd quarter valued at $29,000. Finally, HM Payson & Co. acquired a new position in shares of Amcor during the 1st quarter worth $30,000. 45.14% of the stock is owned by institutional investors and hedge funds.

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.