Amcor (NYSE:AMCR) Releases FY25 Earnings Guidance

Amcor (NYSE:AMCR) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.72-0.76 for the period, compared to the consensus EPS estimate of $0.74. Amcor also updated its FY 2025 guidance to 0.720-0.760 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMCR shares. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Bank of America upgraded 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. Finally, Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a report on Monday. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.46.

Amcor Trading Up 5.1 %

Amcor stock opened at $10.05 on Wednesday. The business’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $10.44. Amcor has a 52 week low of $8.78 and a 52 week high of $11.48. The firm has a market capitalization of $14.52 billion, a PE ratio of 18.95, a PEG ratio of 1.86 and a beta of 0.84. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.74 and a current ratio of 1.29.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts forecast that Amcor will post 0.74 earnings per share for the current year.

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.