AMCR Stock Recent News

Amcor (AMCR) reported earnings 30 days ago. What's next for the stock?

Amcor's (AMCR) Q1 top and bottom lines fall y/y on low volumes due to declining consumer demand and customer destocking.

Call Start: 17:30 January 1, 0000 6:25 PM ET Amcor plc (NYSE:AMCR ) Q1 2024 Earnings Conference Call October 31, 2023 5:30 PM ET Company Participants Tracey Whitehead - Head of Investor Relations Ron Delia - Chief Executive Officer Michael Casamento - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Daniel Kang - CLSA Adam Samuelson - Goldman Sachs George Staphos - Bank of America Sam Seow - Citi Mike Roxland - Truist Securities Richard Johnson - Jefferies Cameron McDonald - E&P Nathan Reilly - UBS John Purtell - Macquarie Asset Management Brook Campbell - Barrenjoey Operator Hello. And welcome to the Amcor First Quarter 2024 Results Conference.

ZURICH , Oct. 17, 2023 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will announce its First Quarter 2024 results for the three months ended 30 September 2023 after the US market closes on Tuesday 31 October 2023.   A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Tuesday 31 October 2023 / 8.30am Australian Eastern Daylight Time on Wednesday 1 November 2023.

Amcor produces packaging products, mostly made of plastic, for businesses and has large customers such as Unilever, Nestle, P&G, PepsiCo, and Coca-Cola. The company currently has a quite good dividend compared to the company's low-risk industry in which it operates. Amcor has a history of low organic growth only boosted by acquisitions - although the company's valuation seems very modest, my DCF model points towards a fairly valued stock.

Amcor gets a Buy Rating today. Strengths: dividends, valuation, net income and EPS, capital and liquidity, share price Vs. moving average. Offsetting factors: revenue growth, performance Vs. S&P500.

Amcor (AMCR) introduces high-barrier recyclable paper packaging in North America.

Amcor's (AMCR) fourth-quarter fiscal 2023 results bear the impact of lower volumes due to weak consumer demand as well as customer destocking.

Amcor plc (NYSE:AMCR ) Q4 2023 Results Conference Call August 16, 2023 5:30 PM ET Company Participants Tracey Whitehead - Head, IR Ron Delia - CEO Michael Casamento - CFO Conference Call Participants Ghansham Panjabi - Baird George Staphos - Bank of America Brook Campbell - Barrenjoe Cameron McDonald - E&P Adam Samuelson - Goldman Sachs Sam Seow - Citibank Daniel Kang - CLSA Richard Johnson - Jefferies John Purtell - Macquarie Nathan Reilly - UBS James Wilson - Jarden Australia Scott Ryall - Rimor Operator Ladies and gentlemen, thanks for standing by, and welcome to the Amcor Full Year 2023 Results Call. I would now like to turn the call over to Tracey Whitehead, Head of Investor Relations.

Amcor (AMCR) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.24 per share a year ago.