Amcor (NYSE:AMCR) Releases FY25 Earnings Guidance

Amcor (NYSE:AMCR) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.72-0.76 for the period, compared to the consensus estimate of $0.75.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMCR. Stifel Nicolaus began coverage on Amcor in a research report on Tuesday, July 9th. They issued a hold rating and a $10.80 target price on the stock. JPMorgan Chase & Co. increased their target price on Amcor from $10.00 to $11.10 and gave the stock an overweight rating in a research report on Tuesday. Finally, Wells Fargo & Company began coverage on Amcor in a research report on Friday, June 28th. They issued an equal weight rating and a $9.80 target price on the stock. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Amcor currently has an average rating of Hold and a consensus target price of $10.43.

Amcor Trading Up 1.8 %

Shares of NYSE:AMCR traded up $0.19 during midday trading on Thursday, reaching $10.85. The company had a trading volume of 17,392,240 shares, compared to its average volume of 9,233,094. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.75 and a current ratio of 1.29. Amcor has a 1-year low of $8.45 and a 1-year high of $10.91. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 4.64 and a beta of 0.86. The company has a fifty day simple moving average of $10.08 and a two-hundred day simple moving average of $9.67.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $1.30 billion. Amcor had a return on equity of 24.66% and a net margin of 4.75%. Amcor’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Research analysts predict that Amcor will post 0.7 earnings per share for the current year.

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.