What is Zacks Research’s Forecast for Amcor FY2028 Earnings?

Amcor PLC (NYSE:AMCR) – Equities research analysts at Zacks Research decreased their FY2028 earnings estimates for Amcor in a research note issued on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the company will earn $0.94 per share for the year, down from their previous forecast of $0.95. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. Amcor’s quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS.

A number of other equities analysts have also weighed in on AMCR. Royal Bank Of Canada started coverage on Amcor in a research note on Monday, September 22nd. They set a “sector perform” rating on the stock. Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective on the stock in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. The Goldman Sachs Group started coverage on shares of Amcor in a research report on Wednesday, September 10th. They issued a “buy” rating for the company. Finally, Robert W. Baird decreased their price target on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.91.

Amcor Trading Down 0.6%

Shares of NYSE:AMCR opened at $8.37 on Thursday. Amcor has a 12-month low of $7.66 and a 12-month high of $10.70. The business has a 50 day moving average of $8.18 and a 200-day moving average of $8.82. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock has a market cap of $19.29 billion, a PE ratio of 23.24, a P/E/G ratio of 1.14 and a beta of 0.72.

Institutional Trading of Amcor

Large investors have recently made changes to their positions in the company. NewSquare Capital LLC raised its position in Amcor by 377.9% during 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 increased its stake in shares of Amcor by 839.8% in the 2nd 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 during the last quarter. Brentview Investment Management LLC acquired a new position in shares of Amcor during the 1st quarter worth $31,000. Adirondack Trust Co. bought a new stake in shares of Amcor during the 2nd quarter worth $29,000. Finally, Quent Capital LLC bought a new stake in shares of Amcor during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 28th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, November 28th. This is a boost from Amcor’s previous quarterly dividend of $0.13. Amcor’s dividend payout ratio is presently 152.94%.

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.