Amcor (NYSE:AMCR) Announces Quarterly Earnings Results

Amcor (NYSE:AMCR) issued its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16, Zacks reports. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Amcor updated its FY 2025 guidance to 0.720-0.760 EPS and its FY25 guidance to $0.72-0.76 EPS.

Amcor Stock Performance

Shares of AMCR opened at $10.05 on Wednesday. The firm has a market cap of $14.52 billion, a PE ratio of 18.95, a PEG ratio of 1.86 and a beta of 0.84. The stock’s fifty day moving average price is $9.77 and its two-hundred day moving average price is $10.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.29 and a quick ratio of 0.74. Amcor has a 1 year low of $8.78 and a 1 year high of $11.48.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMCR. Jefferies Financial Group upgraded Amcor from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. 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 research report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.