Amcor (NYSE:AMCR) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Amcor reported quarterly earnings of $0.20 per share, missing analysts' estimates of $0.21 by $0.01, despite a year-over-year revenue increase of 43.8%.
• The company's FY 2026 guidance has been updated to a projected earnings per share range of $0.800-0.830.
• Amcor's stock price decreased by $1.18 to $8.77 in trading following the earnings report, with a market capitalization of $12.67 billion.

Amcor (NYSE:AMCR - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01), Zacks reports. Amcor had a return on equity of 26.49% and a net margin of 5.99%. During the same period in the prior year, the business earned $0.21 earnings per share. The company's revenue for the quarter was up 43.8% on a year-over-year basis. Amcor updated its FY 2026 guidance to 0.800-0.830 EPS.

Amcor Price Performance

Shares of Amcor stock traded down $1.18 during trading on Thursday, hitting $8.77. The stock had a trading volume of 93,195,917 shares, compared to its average volume of 20,629,468. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.27 and a beta of 0.74. Amcor has a 12 month low of $8.37 and a 12 month high of $11.48. The business's 50-day moving average is $9.43 and its 200 day moving average is $9.52. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 2.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its position in shares of Amcor by 11.3% during the first quarter. Focus Partners Wealth now owns 43,137 shares of the company's stock valued at $418,000 after acquiring an additional 4,396 shares during the last quarter. Financial Advisors Network Inc. grew its holdings in shares of Amcor by 18.6% in the second quarter. Financial Advisors Network Inc. now owns 36,876 shares of the company's stock valued at $339,000 after purchasing an additional 5,788 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Amcor by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company's stock valued at $2,596,000 after purchasing an additional 20,757 shares in the last quarter. CW Advisors LLC acquired a new position in shares of Amcor in the second quarter valued at approximately $228,000. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of Amcor in the second quarter valued at approximately $251,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Raymond James Financial started coverage on Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Jefferies Financial Group started coverage on Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price target for the company. Truist Financial set a $11.00 price target on Amcor and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.58.

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.

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