In last trading session, Amcor Plc (NYSE:AMCR) saw 5.79 million shares changing hands with its beta currently measuring 0.84. Company’s recent per share price level of $9.23 trading at -$0.05 or -0.54% at ring of the bell on the day assigns it a market valuation of $13.34B. That closing price of AMCR’s stock is at a discount of -23.4% from its 52-week high price of $11.39 and is indicating a premium of 8.45% from its 52-week low price of $8.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.5 million shares which gives us an average trading volume of 9.09 million if we extend that period to 3-months.
Amcor Plc (NYSE:AMCR) trade information
Upright in the red during last session for losing -0.54%, in the last five days AMCR remained trading in the red while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $9.23 price level, adding 3.35% to its value on the day. Amcor Plc’s shares saw a change of -4.25% in year-to-date performance and have moved -2.64% in past 5-day. Amcor Plc (NYSE:AMCR) showed a performance of -0.32% in past 30-days. Number of shares sold short was 23.37 million shares which calculate 2.17 days to cover the short interests.
Amcor Plc (AMCR) estimates and forecasts
Statistics highlight that Amcor Plc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 1.32% of value to its shares in past 6 months, showing an annual growth rate of -6.85% while that of industry is -4.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -5.90% in the current quarter and calculating 5.30% increase in the next quarter. This year revenue growth is estimated to fall -5.40% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.5 billion for the same. And 7 analysts are in estimates of company making revenue of $3.65 billion in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.36% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -6.73% while estimates for its earnings growth in next 5 years are of 5.40%.
AMCR Dividends
Amcor Plc is more likely to be releasing its next quarterly report between April 30 and May 05 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Amcor Plc (NYSE:AMCR)’s Major holders
Insiders are in possession of 0.31% of company’s total shares while institution are holding 52.33 percent of that, with stock having share float percentage of 52.49%. Investors also watch the number of corporate investors in a company very closely, which is 52.33% institutions for Amcor Plc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at AMCR for having 107.85 million shares of worth $995.45 million. And as of Dec 30, 2023, it was holding 7.46% of the company’s outstanding shares.
The second largest institutional holder is State Street Corporation, which was holding about 94.61 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 6.55% of outstanding shares, having a total worth of $873.27 million.
On the other hand, Vanguard 500 Index Fund and Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 35.32 million shares of worth $325.97 million or 2.44% of the total outstanding shares. The later fund manager was in possession of 23.62 million shares on Nov 29, 2023, making its stake of worth around $217.98 million in the company or a holder of 1.63% of company’s stock.
