Zacks Research Analysts Boost Earnings Estimates for Amcor

Amcor PLC (NYSE:AMCR) – Investment analysts at Zacks Research increased their Q3 2027 earnings estimates for shares of Amcor in a research report issued to clients and investors on Monday, May 25th. Zacks Research analyst Team now expects that the company will post earnings of $1.10 per share for the quarter, up from their previous 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.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, May 5th. The company reported $0.96 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 company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Amcor’s revenue for the quarter was up 77.4% compared to the same quarter last year.

A number of other research analysts have also recently commented on AMCR. Robert W. Baird set a $54.00 target price on shares of Amcor in a research report on Wednesday, February 4th. Citigroup decreased their target price on shares of Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor in a research report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 target price on the stock. Truist Financial reaffirmed a “buy” rating and issued a $51.00 target price (up from $50.00) on shares of Amcor in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.33.

Amcor Trading Up 1.8%

NYSE AMCR opened at $39.65 on Thursday. The firm’s 50-day moving average is $39.50 and its two-hundred day moving average is $42.31. Amcor has a 12 month low of $36.25 and a 12 month high of $50.94. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95. The stock has a market capitalization of $18.33 billion, a P/E ratio of 27.73, a PEG ratio of 1.18 and a beta of 0.63.

Amcor Dividend Announcement

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

Institutional Trading of Amcor

A number of large investors have recently made changes to their positions in AMCR. Dakota Wealth Management boosted its holdings in shares of Amcor by 74.6% in the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock valued at $2,881,000 after acquiring an additional 147,639 shares during the period. PFG Investments LLC acquired a new stake in shares of Amcor in the fourth quarter valued at approximately $262,000. Vanguard Group Inc. boosted its holdings in shares of Amcor by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock valued at $945,222,000 after acquiring an additional 1,845,627 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Amcor by 64.0% in the fourth quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock valued at $2,034,000 after acquiring an additional 94,753 shares during the period. Finally, Code Waechter LLC boosted its holdings in shares of Amcor by 105.1% in the fourth quarter. Code Waechter LLC now owns 54,113 shares of the company’s stock valued at $451,000 after acquiring an additional 27,725 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

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.