Amcor (NYSE:AMCR) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Amcor beat quarterly expectations: Adjusted EPS was $1.23 versus the $1.19 consensus, while revenue reached $6.40 billion, up 25.9% year over year and above the $6.05 billion estimate.
• Berry Global integration is generating synergies: Fiscal 2026 synergies reached $285 million, ahead of the initial target, with Amcor reaffirming its $650 million three-year goal and citing improving volumes and productivity.
• Leverage and cash flow remain concerns: Free cash flow came in $200 million below guidance at $1.3 billion, while quarter-end leverage was 3.5 times; Amcor nevertheless declared a $0.65 quarterly dividend, representing an approximately 5.6% annualized yield.

Amcor (NYSE:AMCR - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.04, FiscalAI reports. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The firm had revenue of $6.40 billion for the quarter, compared to analysts' expectations of $6.05 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm's revenue for the quarter was up 25.9% on a year-over-year basis.

Here are the key takeaways from Amcor's conference call:

• Q4 adjusted EPS rose 23% year over year to $1.23, bringing full-year fiscal 2026 adjusted EPS to $4.02, up 13%. Results benefited from modestly positive volume growth, pricing that offset inflation, cost management, and Berry-related synergies.
• Berry integration synergies exceeded expectations, reaching $285 million for fiscal 2026 after $115 million in the fourth quarter, about 10% ahead of the initial first-year target. Amcor reaffirmed its $650 million three-year synergy goal and reported $140 million of annualized revenue-synergy wins.
• Management expects adjusted EPS of $1.80-$1.90 for the six-month transition period and has line of sight to double-digit adjusted EPS growth in calendar 2027. The company cited improving volumes, portfolio optimization, further synergy capture, and growth in categories such as food service, pet care, and protein.
• Full-year free cash flow was $1.3 billion, $200 million below guidance, after $290 million of Berry restructuring and integration cash costs and higher working capital tied to the Middle East conflict. Amcor expects to recover more than $500 million of working capital over the next 12 months, but quarter-end leverage remained elevated at 3.5 times.

Amcor Price Performance

AMCR traded down $0.04 on Thursday, hitting $46.52. 2,338,389 shares of the company were exchanged, compared to its average volume of 4,927,798. Amcor has a fifty-two week low of $36.25 and a fifty-two week high of $50.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44. The firm has a market capitalization of $21.51 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62. The business's fifty day moving average is $43.24 and its 200 day moving average is $42.58.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 4th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.60 dividend on an annualized basis and a yield of 5.6%. Amcor's payout ratio is currently 181.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMCR. UBS Group started coverage on Amcor in a report on Tuesday. They issued a "buy" rating and a $56.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Amcor from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amcor in a report on Friday, August 7th. Jefferies Financial Group set a $44.92 price target on shares of Amcor and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Finally, BMO Capital Markets initiated coverage on shares of Amcor in a research report on Thursday, July 16th. They issued a "market perform" rating and a $47.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Amcor has a consensus rating of "Moderate Buy" and an average target price of $48.74.

Hedge Funds Weigh In On Amcor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in Amcor by 6.8% in the 4th quarter. Pacer Advisors Inc. now owns 196,252 shares of the company's stock valued at $1,637,000 after acquiring an additional 12,441 shares during the last quarter. Rare Wolf Capital LLC purchased a new stake in shares of Amcor in the fourth quarter valued at about $135,000. Mercer Global Advisors Inc. ADV grew its position in shares of Amcor by 41.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 142,427 shares of the company's stock valued at $1,188,000 after purchasing an additional 41,921 shares during the last quarter. Virtue Capital Management LLC grew its position in shares of Amcor by 2.1% in the fourth quarter. Virtue Capital Management LLC now owns 47,551 shares of the company's stock valued at $400,000 after purchasing an additional 976 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Amcor by 6.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 59,866,243 shares of the company's stock worth $499,284,000 after purchasing an additional 3,694,656 shares in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Key Amcor News

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Quarterly results exceeded expectations. Amcor reported adjusted EPS of $1.23 versus the $1.19 consensus estimate and revenue of $6.4 billion, above the $6.05 billion forecast. Revenue rose 26% year over year, while adjusted EBITDA increased 32% to $1.045 billion. Amcor Reports Strong Fourth Quarter and Full-Year Results
• Positive Sentiment: Berry acquisition synergies are beginning to support earnings. Management cited the Berry Global combination, productivity improvements, volume growth and raw-material cost pass-through as key drivers. Amcor is targeting $650 million of synergies over three years, reinforcing the potential for margin expansion. Amcor outlines transition-period EPS range and synergy target
• Positive Sentiment: The dividend adds support for income-focused investors. Amcor declared a quarterly dividend of $0.65 per share, or $2.60 annualized, representing an approximately 5.6% yield. The dividend is payable September 24 to shareholders of record as of September 4. Amcor declares $0.65 dividend
• Neutral Sentiment: Analyst attention is increasing. UBS began coverage of Amcor, while commentary has highlighted the company’s defensive packaging exposure and relatively attractive dividend as technology-focused stocks become more volatile. The impact will depend on UBS’s rating and price target. UBS Group Begins Coverage on Amcor
• Negative Sentiment: Investors face transition-period uncertainty and significant debt. Amcor provided adjusted EPS guidance of $1.80–$1.90 for the six-month transition period ending December 31, 2026, while net debt stood at $12.9 billion after the Berry transaction. The substantial leverage and need to integrate the acquisition may temper enthusiasm despite the earnings beat.

Amcor Company Profile

Amcor NYSE: AMCR is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company's product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor's packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.

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