Zacks Research Analysts Raise Earnings Estimates for Amcor

Amcor plc (NYSE:AMCR) – Equities research analysts at Zacks Research raised their Q1 2027 earnings per share estimates for Amcor in a research report issued on Tuesday, February 18th. Zacks Research analyst M. Das now anticipates that the company will earn $0.19 per share for the quarter, up from their prior forecast 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.

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

Other research analysts also recently issued research reports about the company. Truist Financial raised Amcor from a “hold” rating to a “buy” rating and increased their target price for the company from $10.00 to $12.00 in a report on Monday, January 6th. Citigroup raised Amcor from a “neutral” rating to a “buy” rating and increased their target price for the company from $11.00 to $12.00 in a report on Monday, January 6th. Bank of America raised 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. Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.46.

Amcor Stock Down 1.5 %

AMCR stock opened at $10.24 on Friday. Amcor has a fifty-two week low of $8.80 and a fifty-two week high of $11.48. The business’s 50-day moving average is $9.72 and its two-hundred day moving average is $10.42. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.95 and a beta of 0.84.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be given a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, February 26th. Amcor’s payout ratio is 92.73%.

Institutional Trading of Amcor

A number of hedge funds and other institutional investors have recently bought and sold shares of AMCR. Larson Financial Group LLC increased its position in Amcor by 3,410.3% in 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 in the last quarter. Jones Financial Companies Lllp grew its position in shares of Amcor by 247.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock worth $35,000 after purchasing an additional 2,660 shares in the last quarter. Quarry LP grew its position in shares of Amcor by 2,064.5% during the fourth quarter. Quarry LP now owns 3,723 shares of the company’s stock worth $35,000 after purchasing an additional 3,551 shares in the last quarter. True Wealth Design LLC grew its position in shares of Amcor by 3,794.1% during the third quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock worth $38,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of Amcor by 52.4% during the fourth quarter. Huntington National Bank now owns 4,426 shares of the company’s stock worth $42,000 after purchasing an additional 1,522 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

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.