Zacks: Analysts Anticipate Amcor plc (NASDAQ:AMCR) Will Announce Earnings of $0.15 Per Share

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Analysts predict that Amcor plc (NASDAQ:AMCR) will report $0.15 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Amcor’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.15. Amcor reported earnings of $0.13 per share in the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The firm is expected to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Amcor will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.56 to $0.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Amcor.

Amcor (NASDAQ:AMCR) last posted its earnings results on Monday, April 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion.

A number of research firms have issued reports on AMCR. Goldman Sachs Group began coverage on shares of Taylor Wimpey in a research note on Wednesday, June 12th. They set a “buy” rating for the company. Citigroup set a $5.00 target price on shares of Forum Energy Technologies and gave the company a “buy” rating in a research note on Thursday, June 20th.

Amcor stock traded up $0.03 during midday trading on Friday, reaching $11.31. 151,860 shares of the stock traded hands, compared to its average volume of 8,535,431. Amcor has a fifty-two week low of $10.46 and a fifty-two week high of $11.77.

A number of institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. acquired a new stake in shares of Amcor in the 2nd quarter worth approximately $49,000. Commonwealth Equity Services LLC acquired a new stake in shares of Amcor in the 2nd quarter worth approximately $329,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Amcor in the 2nd quarter worth approximately $53,000. Moors & Cabot Inc. acquired a new stake in shares of Amcor in the 2nd quarter worth approximately $149,000. Finally, Nwam LLC acquired a new stake in shares of Amcor in the 2nd quarter worth approximately $127,000.

About Amcor

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.

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