Amcor (AMCR) to Release Earnings on Tuesday

Amcor (NYSE:AMCR) is projected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Amcor to post earnings of $0.16 per share and revenue of $3.33 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Amcor (NYSE:AMCR) last issued its earnings results on Thursday, October 31st. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, analysts expect Amcor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amcor Price Performance

Amcor stock opened at $9.70 on Friday. 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 has a 52-week low of $8.78 and a 52-week high of $11.48. The stock’s 50 day moving average price is $9.80 and its two-hundred day moving average price is $10.44. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.86 and a beta of 0.84.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $12.00 in a research note on Monday, January 6th. Bank of America upgraded Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a report on Wednesday, December 11th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup upgraded shares of Amcor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $12.00 in a report on Monday, January 6th. Finally, Macquarie upgraded shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.46.

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.