Amcor (AMCR) Set to Announce Quarterly Earnings on Tuesday

Amcor (NYSE:AMCR - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Amcor has set its FY 2024 guidance at 0.670-0.710 EPS and its FY24 guidance at $0.67-0.71 EPS.Parties interested in participating in the company's conference call can do so using this link.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Amcor had a return on equity of 24.28% and a net margin of 4.59%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. On average, analysts expect Amcor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amcor Price Performance

AMCR traded down $0.05 during trading on Tuesday, hitting $8.98. The company's stock had a trading volume of 5,615,907 shares, compared to its average volume of 8,565,277. The firm's 50 day moving average price is $9.19 and its two-hundred day moving average price is $9.27. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. Amcor has a 12 month low of $8.45 and a 12 month high of $11.11. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 9.86 and a beta of 0.78.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 annualized dividend and a yield of 5.57%. Amcor's payout ratio is 113.64%.

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.