Earnings results for Amcor Stock Forecast, Price & News (NYSE:AMCR)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.19 and remained the same over the past month at 0.19. none raised and none lowered their forecast. For the fiscal year ending Jun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.63 and remained the same over the past month at 0.63 . none raised and none lowered their forecast.
Amcor last announced its earnings data on May 11th, 2020. The reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.23 billion. Its quarterly revenue was up 35.4% on a year-over-year basis. Amcor has generated $0.61 earnings per share over the last year and currently has a price-to-earnings ratio of 18.5. Amcor has confirmed that its next quarterly earnings report will be published on Tuesday, August 18th, 2020.
Analyst Opinion on Amcor Stock Forecast, Price & News (NYSE:AMCR)
8 Wall Street analysts have issued ratings and price targets for Amcor in the last 12 months. Their average twelve-month price target is $11.43, predicting that the stock has a possible upside of 1.05%. The high price target for AMCR is $16.25 and the low price target for AMCR is $9.00. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
Amcor has received a consensus rating of Hold. The company’s average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $11.43, Amcor has a forecasted upside of 1.0% from its current price of $11.31. Amcor has only been the subject of 4 research reports in the past 90 days.
Dividend Strength: Amcor Stock Forecast, Price & News (NYSE:AMCR)
Amcor is a leading dividend payer. It pays a dividend yield of 4.11%, putting its dividend yield in the top 25% of dividend-paying stocks. Amcor has only been increasing its dividend for 1 years. The dividend payout ratio of Amcor is 75.41%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Amcor will have a dividend payout ratio of 67.65% next year. This indicates that Amcor will be able to sustain or increase its dividend.
Insiders buying/selling: Amcor Stock Forecast, Price & News (NYSE:AMCR)
In the past three months, Amcor insiders have not sold or bought any company stock. Only 0.23% of the stock of Amcor is held by insiders. Only 30.47% of the stock of Amcor is held by institutions.
Earnings and Valuation of Amcor Stock Forecast, Price & News (NYSE:AMCR
Earnings for Amcor are expected to grow by 7.94% in the coming year, from $0.63 to $0.68 per share. The P/E ratio of Amcor is 18.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.56. The P/E ratio of Amcor is 18.54, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.84. Amcor has a PEG Ratio of 2.90. PEG Ratios above 1 indicate that a company could be overvalued. Amcor has a P/B Ratio of 3.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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