Zacks Research Weighs in on Amcor’s Q1 Earnings (NYSE:AMCR)

Amcor PLC (NYSE:AMCR) – Equities research analysts at Zacks Research lifted their Q1 2028 EPS estimates for Amcor in a research note issued to investors on Monday, December 8th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.23. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share.

Other equities analysts have also issued research reports about the company. Morgan Stanley reissued an “overweight” rating and set a $11.50 price objective on shares of Amcor in a research note on Wednesday, November 12th. The Goldman Sachs Group assumed coverage on Amcor in a report on Wednesday, September 10th. They set a “buy” rating on the stock. Royal Bank Of Canada initiated coverage on shares of Amcor in a report on Monday, September 22nd. They issued a “sector perform” rating for the company. JPMorgan Chase & Co. began coverage on shares of Amcor in a research report on Friday, September 19th. They set an “overweight” rating and a $10.00 price objective for the company. Finally, Robert W. Baird reduced their target price on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Amcor presently has an average rating of “Moderate Buy” and a consensus target price of $10.91.

Amcor Price Performance

AMCR stock opened at $8.10 on Wednesday. Amcor has a 1 year low of $7.66 and a 1 year high of $10.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.04 and a quick ratio of 0.62. The firm has a market capitalization of $18.66 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.81 and a beta of 0.68. The business has a 50 day simple moving average of $8.24 and a 200-day simple moving average of $8.74.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Amcor had a net margin of 3.34% and a return on equity of 17.35%. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. Amcor’s quarterly revenue was up 71.3% on a year-over-year basis.

Amcor Increases Dividend

The business also recently disclosed 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. This is an increase from Amcor’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 28th. This represents a $0.52 annualized dividend and a yield of 6.4%. Amcor’s payout ratio is presently 152.94%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMCR. State Street Corp increased its position in shares of Amcor by 7.2% during the third quarter. State Street Corp now owns 139,077,241 shares of the company’s stock valued at $1,137,652,000 after acquiring an additional 9,375,255 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Amcor by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock worth $911,991,000 after purchasing an additional 1,262,294 shares during the period. M&G PLC increased its holdings in Amcor by 26.6% in the 3rd quarter. M&G PLC now owns 108,333,984 shares of the company’s stock valued at $866,672,000 after purchasing an additional 22,737,979 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Amcor by 62.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company’s stock valued at $742,279,000 after purchasing an additional 30,938,660 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Amcor by 55.3% during the second quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company’s stock worth $538,551,000 after purchasing an additional 20,946,520 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

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.