Zacks Research Has Negative Forecast for Amcor Q3 Earnings

Amcor PLC (NYSE:AMCR) – Equities research analysts at Zacks Research reduced their Q3 2026 earnings per share estimates for Amcor in a report issued on Wednesday, August 26th. Zacks Research analyst Team now forecasts that the company will earn $0.96 per share for the quarter, down from their prior estimate of $1.02. The consensus estimate for Amcor’s current full-year earnings is $1.84 per share. Zacks Research also issued estimates for Amcor’s Q4 2026 earnings at $0.88 EPS, Q2 2027 earnings at $1.20 EPS, Q3 2027 earnings at $1.05 EPS, Q4 2027 earnings at $0.97 EPS, FY2027 earnings at $4.25 EPS and FY2028 earnings at $4.45 EPS.

Several other equities analysts have also issued reports on AMCR. Wells Fargo & Company boosted their price target on shares of Amcor from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Jefferies Financial Group set a $44.92 price objective on Amcor and gave the stock a “hold” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $47.00 target price (up from $44.00) on shares of Amcor in a report on Monday, August 17th. UBS Group began coverage on Amcor in a research note on Tuesday, August 11th. They issued a “buy” rating and a $56.00 target price for the company. Finally, Bank of America increased their price target on Amcor from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and a consensus target price of $49.49.

Amcor Stock Down 0.2%

Amcor stock opened at $47.18 on Thursday. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.59 and a beta of 0.62. The company’s 50 day simple moving average is $44.75 and its 200 day simple moving average is $42.72. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.76. Amcor has a fifty-two week low of $36.25 and a fifty-two week high of $50.94.

Amcor (NYSE:AMCR) last posted its earnings results on Wednesday, August 12th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.04. The company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.05 billion. Amcor had a return on equity of 15.92% and a net margin of 4.71%.The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Amcor by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock worth $945,222,000 after acquiring an additional 1,845,627 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Amcor during the fourth quarter worth approximately $459,000. Rockefeller Capital Management L.P. lifted its holdings in Amcor by 55.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,307,985 shares of the company’s stock worth $10,909,000 after purchasing an additional 467,065 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Amcor by 2,116.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 160,123 shares of the company’s stock worth $1,335,000 after purchasing an additional 152,898 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Amcor by 22.1% in the 4th quarter. D.A. Davidson & CO. now owns 146,765 shares of the company’s stock valued at $1,224,000 after purchasing an additional 26,538 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 4th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, September 4th. Amcor’s payout ratio is 110.17%.

Amcor Company Profile

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.