Amcor (NYSE:AMCR) Releases FY25 Earnings Guidance

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

Amcor Trading Up 5.0 %

AMCR stock traded up $0.48 during trading on Tuesday, hitting $10.04. The company had a trading volume of 29,050,625 shares, compared to its average volume of 17,889,664. The business has a 50-day moving average of $9.78 and a 200-day moving average of $10.44. Amcor has a one year low of $8.78 and a one year high of $11.48. The stock has a market cap of $14.50 billion, a PE ratio of 18.92, a PEG ratio of 1.86 and a beta of 0.84. The company has a current ratio of 1.29, a quick ratio of 0.74 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 EPS for the quarter, meeting the consensus estimate of $0.16. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Research analysts predict that Amcor will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group upgraded Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Bank of America upgraded Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target on the stock in a report on Wednesday, December 11th. Macquarie upgraded Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group upgraded Amcor from a “hold” rating to a “buy” rating in a report on Monday. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

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.