In today’s recent session, 10.63 million shares of the Amcor Plc (NYSE:AMCR) have been traded, and its beta is 0.80. Most recently the company’s share price was $9.65, and it changed around $0.21 or 2.24% from the last close, which brings the market valuation of the company to $13.95B. AMCR at last check was trading at a discount to its 52-week high of $11.48, offering almost -18.96% off that amount. The share price’s 52-week low was $8.80, which indicates that the recent value has risen by an impressive 8.81% since then. We note from Amcor Plc’s average daily trading volume that its 10-day average is 26.92 million shares, with the 3-month average coming to 21.62 million.
Amcor Plc stock received a consensus recommendation rating of Hold, based on a mean score of 2.26. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended AMCR as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Amcor Plc is expected to report earnings per share of 0.19 for the current quarter.
Amcor Plc (NYSE:AMCR) trade information
Instantly AMCR has been showing a green trend so far today with a performance of 2.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.84 on recent trading dayincreased the stock’s daily price by 1.93%. The company’s shares are currently up 2.57% year-to-date, but still down -1.92% over the last five days. On the other hand, Amcor Plc (NYSE:AMCR) is -6.48% down in the 30-day period. We can see from the shorts that 148.07 million shares have been sold at a short interest cover period of 5.88 day(s).
The consensus price target as assigned by Wall Street analysts is $10.8, which translates to bulls needing to increase their stock price by 10.65% from its current value. Analyst projections state that AMCR is forecast to be at a low of $10.8 and a high of $10.8.
Amcor Plc (AMCR) estimates and forecasts
The year-over-year growth rate is expected to be 1.19%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 3.51B in revenue for the current quarter. 6 analysts expect Amcor Plc to make 3.65B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.41B and 3.54B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.84%. Forecasts for the next quarter put sales growth at 3.29%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.70%. Amcor Plc earnings are expected to increase by 4.71% in 2025, but the outlook is positive 6.01% per year for the next five years.
AMCR Dividends
Amcor Plc’s next quarterly earnings report is expected to be released on 2025-Feb-03. The annual dividend yield of the stock is 5.23 percent and its annual dividend per share was 0.51. It is important to note, however, that the 5.23% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.44 per year.
Amcor Plc (NYSE:AMCR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.34% of Amcor Plc shares, and 58.71% of them are in the hands of institutional investors. The stock currently has a share float of 58.91%. Amcor Plc stock is held by 884.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.5941% of the shares, which is about 94.89 million shares worth $928.02 million.
STATE STREET CORP, with 6.3901% or 91.95 million shares worth $899.3 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard 500 Index Fund and Schwab U.S. Dividend Equity ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 39.11 shares worth $377.28 million, making up 2.71% of all outstanding shares. On the other hand, Schwab U.S. Dividend Equity ETF held roughly 36.72 shares worth around $354.23 million, which represents about 2.54% of the total shares outstanding.
