Research Analysts Issue Forecasts for Amcor FY2027 Earnings

Key Points

• Investment analysts at Zacks Research have lowered their FY2027 earnings per share estimate for Amcor to $0.86, down from $0.87, while the current full-year earnings consensus stands at $0.74 per share.
• The stock price target for Amcor has seen reductions, with Robert W. Baird lowering it from $11.00 to $10.00 while maintaining a "neutral" rating, highlighting a shift in market sentiment.
• Amcor declared a quarterly dividend of $0.1275 per share, scheduled for payment on September 25th, representing an annual yield of 6.3%.

Amcor PLC (NYSE:AMCR - Free Report) - Investment analysts at Zacks Research lowered their FY2027 earnings per share estimates for Amcor in a note issued to investors on Tuesday, September 23rd. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.86 for the year, down from their prior forecast of $0.87. The consensus estimate for Amcor's current full-year earnings is $0.74 per share.

A number of other research firms have also commented on AMCR. Robert W. Baird dropped their price target on Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th. Royal Bank Of Canada started coverage on Amcor in a research report on Monday. They issued a "sector perform" rating on the stock. Truist Financial set a $11.00 target price on Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group started coverage on Amcor in a research report on Wednesday, September 10th. They issued a "buy" rating on the stock. Finally, Jefferies Financial Group started coverage on Amcor in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.21.

Amcor Trading Down 2.0%

NYSE AMCR opened at $8.09 on Wednesday. The firm has a market cap of $11.69 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The stock's 50-day moving average is $8.91 and its 200-day moving average is $9.20. Amcor has a one year low of $8.07 and a one year high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company's revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMCR. NewSquare Capital LLC grew its stake in Amcor by 377.9% in the second quarter. NewSquare Capital LLC now owns 2,810 shares of the company's stock valued at $26,000 after purchasing an additional 2,222 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Amcor by 839.8% in the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock valued at $28,000 after purchasing an additional 2,704 shares in the last quarter. Rakuten Securities Inc. grew its stake in Amcor by 18,725.0% in the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock valued at $29,000 after purchasing an additional 2,996 shares in the last quarter. Adirondack Trust Co. bought a new position in Amcor in the second quarter valued at approximately $29,000. Finally, HM Payson & Co. bought a new position in Amcor in the first quarter valued at approximately $30,000. 45.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, September 5th. Amcor's dividend payout ratio (DPR) is currently 141.67%.

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.

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