What is Zacks Research's Estimate for Amcor FY2026 Earnings?

Key Points

• Zacks Research has revised Amcor's FY2026 earnings per share (EPS) estimate down to $0.80, slightly below the previous forecast of $0.81, while the current consensus estimate stands at $0.74.
• Wells Fargo increased its target price for Amcor from $10.00 to $11.00, maintaining an "overweight" rating, amidst a general trend among analysts with many giving buy ratings.
• Institutional investors have significantly increased their holdings in Amcor, notably with Vanguard Group boosting its stake by 15.5% in the first quarter.

Amcor PLC (NYSE:AMCR - Free Report) - Equities research analysts at Zacks Research lowered their FY2026 earnings per share (EPS) estimates for Amcor in a research note issued to investors on Monday, August 4th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.80 per share for the year, down from their previous forecast of $0.81. The consensus estimate for Amcor's current full-year earnings is $0.74 per share. Zacks Research also issued estimates for Amcor's Q3 2027 earnings at $0.22 EPS, Q4 2027 earnings at $0.25 EPS and FY2027 earnings at $0.88 EPS.

Several other analysts have also issued reports on the company. Wells Fargo & Company boosted 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 began coverage on Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating on the stock. Jefferies Financial Group began coverage on Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Finally, Truist Financial set a $11.00 price objective on Amcor and gave the company a "buy" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.51.

Amcor Stock Performance

Shares of Amcor stock opened at $9.41 on Tuesday. The business's fifty day simple moving average is $9.36 and its 200 day simple moving average is $9.53. The firm has a market capitalization of $13.60 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.19 and a beta of 0.74. Amcor has a 12 month low of $8.37 and a 12 month high of $11.48. 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

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Amcor by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock valued at $660,627,000 after buying an additional 9,119,308 shares in the last quarter. Marshall Wace LLP increased its position in Amcor by 303.9% during the 4th quarter. Marshall Wace LLP now owns 8,699,610 shares of the company's stock valued at $81,863,000 after buying an additional 6,545,689 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Amcor by 4,928.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,732,524 shares of the company's stock valued at $44,817,000 after buying an additional 4,638,412 shares in the last quarter. First Trust Advisors LP increased its position in Amcor by 474.7% during the 4th quarter. First Trust Advisors LP now owns 5,402,490 shares of the company's stock valued at $50,837,000 after buying an additional 4,462,367 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Amcor by 16.0% in the 4th quarter. Invesco Ltd. now owns 30,425,121 shares of the company's stock worth $286,300,000 after purchasing an additional 4,199,209 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

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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