Amcor (NYSE:AMCR) Releases FY24 Earnings Guidance

Amcor (NYSE:AMCR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.685-0.71 for the period, compared to the consensus earnings per share estimate of $0.68.

Amcor Price Performance

Shares of Amcor stock traded down $0.11 during mid-day trading on Tuesday, reaching $8.94. 15,704,778 shares of the stock traded hands, compared to its average volume of 8,544,656. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average of $9.19 and a 200 day moving average of $9.27. The stock has a market capitalization of $12.92 billion, a PE ratio of 20.55, a PEG ratio of 9.86 and a beta of 0.78. Amcor has a fifty-two week low of $8.45 and a fifty-two week high of $11.09.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. Amcor had a net margin of 4.59% and a return on equity of 24.28%. On average, analysts predict that Amcor will post 0.68 EPS for the current year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 annualized dividend and a yield of 5.59%. Amcor’s dividend payout ratio (DPR) is currently 113.64%.

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.