Amcor (NYSE:AMCR – Get Free Report) released its earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, Yahoo Finance reports. Amcor had a net margin of 4.59% and a return on equity of 24.28%. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the company earned $0.18 EPS. Amcor’s revenue for the quarter was down 7.0% on a year-over-year basis. Amcor updated its FY24 guidance to $0.685-0.71 EPS.
Amcor Trading Up 9.6 %
Shares of AMCR opened at $9.80 on Thursday. Amcor has a fifty-two week low of $8.45 and a fifty-two week high of $11.04. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. The company’s fifty day moving average is $9.20 and its 200 day moving average is $9.28. The stock has a market capitalization of $14.16 billion, a PE ratio of 22.26, a P/E/G ratio of 9.95 and a beta of 0.78.
Amcor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 22nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Tuesday, May 21st. Amcor’s dividend payout ratio (DPR) is presently 113.64%.
Wall Street Analysts Forecast Growth
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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.
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