Zacks Research Estimates Amcor’s Q1 Earnings (NYSE:AMCR)

Amcor plc (NYSE:AMCR) – Stock analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for Amcor in a research note issued to investors on Tuesday, February 18th. Zacks Research analyst M. Das now anticipates that the company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.18. The consensus estimate for Amcor’s current full-year earnings is $0.74 per share. Zacks Research also issued estimates for Amcor’s FY2027 earnings at $0.82 EPS.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the business earned $0.09 EPS. Amcor’s revenue was down .3% on a year-over-year basis.

A number of other brokerages also recently issued reports on AMCR. Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 target price on the stock in a report on Wednesday, December 11th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amcor has an average rating of “Moderate Buy” and a consensus target price of $11.46.

Amcor Stock Up 1.8 %

Shares of Amcor stock opened at $10.38 on Friday. Amcor has a 52-week low of $8.80 and a 52-week high of $11.48. The company has a 50 day moving average of $9.72 and a 200 day moving average of $10.42. The company has a quick ratio of 0.71, a current ratio of 1.26 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $15.00 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.95 and a beta of 0.84.

Institutional Investors Weigh In On Amcor

Institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC increased its stake in shares of Amcor by 3,410.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock worth $27,000 after purchasing an additional 2,319 shares in the last quarter. Jones Financial Companies Lllp increased its position in Amcor by 247.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock worth $35,000 after buying an additional 2,660 shares in the last quarter. Quarry LP raised its holdings in shares of Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company’s stock worth $35,000 after acquiring an additional 3,551 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Amcor by 3,794.1% in the third quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Amcor by 52.4% during the fourth quarter. Huntington National Bank now owns 4,426 shares of the company’s stock valued at $42,000 after acquiring an additional 1,522 shares during the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.1275 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.51 annualized dividend and a yield of 4.91%. Amcor’s dividend payout ratio is presently 92.73%.

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.