Zacks Research Has Negative Outlook of Amcor FY2026 Earnings

Amcor plc (NYSE:AMCR - Free Report) - Stock analysts at Zacks Research cut their FY2026 earnings per share (EPS) estimates for Amcor in a report released on Thursday, April 24th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.78 per share for the year, down from their prior forecast of $0.79. The consensus estimate for Amcor's current full-year earnings is $0.74 per share.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The business's revenue for the quarter was down .3% compared to the same quarter last year.

Several other research firms have also commented on AMCR. Truist Financial dropped their target price on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup upgraded Amcor from a "neutral" rating to a "buy" rating and upped their target price for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, Raymond James initiated coverage on Amcor in a research report on Tuesday, April 22nd. They set a "market perform" rating for the company. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $11.31.

Amcor Price Performance

Shares of NYSE AMCR traded down $0.11 during trading on Friday, reaching $9.22. The company had a trading volume of 22,500,553 shares, compared to its average volume of 16,250,528. Amcor has a twelve month low of $8.37 and a twelve month high of $11.48. The stock has a market capitalization of $13.33 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. The stock has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $9.94. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80.

Institutional Investors Weigh In On Amcor

Several hedge funds and other institutional investors have recently bought and sold shares of AMCR. Barclays PLC raised its position in Amcor by 31.8% in the third quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after acquiring an additional 1,096,664 shares in the last quarter. Virtu Financial LLC bought a new stake in Amcor in the third quarter worth about $372,000. Sanctuary Advisors LLC raised its position in Amcor by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 53,132 shares of the company's stock worth $557,000 after acquiring an additional 3,559 shares in the last quarter. Tidal Investments LLC raised its position in Amcor by 292.5% in the third quarter. Tidal Investments LLC now owns 81,439 shares of the company's stock worth $923,000 after acquiring an additional 60,691 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Amcor by 39.3% in the third quarter. Franklin Resources Inc. now owns 719,749 shares of the company's stock worth $8,162,000 after acquiring an additional 203,166 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amcor news, Director Achal Agarwal purchased 10,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now owns 88,967 shares in the company, valued at $898,566.70. The trade was a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th were issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.53%. The ex-dividend date was Wednesday, February 26th. Amcor's payout ratio is currently 92.73%.

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.