Amcor Plc (NYSE:AMCR) has a beta value of 0.85 and has seen 6.92 million shares traded in the last trading session. The company, currently valued at $13.56B, closed the last trade at $9.38 per share which meant it gained $0.23 on the day or 2.51% during that session. The AMCR stock price is -19.62% off its 52-week high price of $11.22 and 9.91% above the 52-week low of $8.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.81 million shares traded. The 3-month trading volume is 8.89 million shares.
Amcor Plc (NYSE:AMCR) trade information
Sporting 2.51% in the green in last session, the stock has traded in the green over the last five days, when the AMCR stock price touched $9.38 or saw a rise of 0.11%. Year-to-date, Amcor Plc shares have moved -2.70%, while the 5-day performance has seen it change 0.75%. Over the past 30 days, the shares of Amcor Plc (NYSE:AMCR) have changed 0.21%. Short interest in the company has seen 25.21 million shares shorted with days to cover at 2.6.
Amcor Plc (AMCR) estimates and forecasts
Figures show that Amcor Plc shares have underperformed across the wider relevant industry. The company’s shares have gained 5.99% over the past 6 months, with this year growth rate of -6.85%, compared to -3.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -5.90% and 5.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.50%.
7 analysts offering their estimates for the company have set an average revenue estimate of $3.5 billion for the current quarter. 7 have an estimated revenue figure of $3.65 billion for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.36% over the past 5 years. Earnings growth for 2024 is a modest -6.69% while over the next 5 years, the company’s earnings are expected to increase by 5.40%.
AMCR Dividends
Amcor Plc is expected to release its next earnings report between April 30 and May 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.49 at a share yield of 5.28%. The company’s dividend yield has gone up over the past 12 months.
Amcor Plc (NYSE:AMCR)’s Major holders
Insiders own 0.31% of the company shares, while shares held by institutions stand at 52.33% with a share float percentage of 52.49%. Investors are also buoyed by the number of investors in a company, with Amcor Plc having a total of 838 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 112.53 million shares worth more than $1.12 billion. As of Jun 29, 2023, Blackrock Inc. held 7.78% of shares outstanding.
The other major institutional holder is State Street Corporation, with the holding of over 105.69 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.05 billion and represent 7.31% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard 500 Index Fund and SPDR (R) Ser Tr- SPDR (R) S&P (R) Dividend ETF. As of Jun 29, 2023, the former fund manager holds about 2.42% shares in the company for having 35.04 million shares of worth $349.65 million while later fund manager owns 24.06 million shares of worth $234.39 million as of Aug 30, 2023, which makes it owner of about 1.66% of company’s outstanding stock.
