Zacks Research Analysts Boost Earnings Estimates for Amcor

Amcor PLC (NYSE:AMCR) – Analysts at Zacks Research boosted their Q3 2027 earnings estimates for shares of Amcor in a research report issued on Monday, May 25th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.10 for the quarter, up from their prior estimate of $1.09. The consensus estimate for Amcor’s current full-year earnings is $3.97 per share. Zacks Research also issued estimates for Amcor’s Q4 2027 earnings at $1.19 EPS, FY2027 earnings at $4.23 EPS, Q3 2028 earnings at $1.15 EPS and FY2028 earnings at $4.48 EPS.

A number of other research firms have also recently issued reports on AMCR. JPMorgan Chase & Co. dropped their price target on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Robert W. Baird set a $54.00 price target on shares of Amcor in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Amcor in a research note on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price target on the stock. Wells Fargo & Company set a $41.00 price target on shares of Amcor and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings raised shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

Amcor Price Performance

Amcor stock opened at $39.65 on Thursday. The company’s fifty day moving average price is $39.50 and its 200 day moving average price is $42.31. Amcor has a 1 year low of $36.25 and a 1 year high of $50.94. The stock has a market capitalization of $18.33 billion, a P/E ratio of 27.73, a P/E/G ratio of 1.18 and a beta of 0.63. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 77.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in shares of Amcor during the 1st quarter valued at about $25,000. Western Wealth Management LLC acquired a new position in shares of Amcor during the 1st quarter valued at about $27,000. Palladiem LLC acquired a new position in shares of Amcor during the 1st quarter valued at about $34,000. Root Financial Partners LLC acquired a new position in shares of Amcor during the 1st quarter valued at about $41,000. Finally, American Capital Advisory LLC acquired a new position in shares of Amcor during the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.60 annualized dividend and a dividend yield of 6.6%. Amcor’s payout ratio is presently 181.82%.

About Amcor

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.