Amcor plc develops, produces, and sells packaging products for food, beverage, pharmaceutical, medical, home- and personal-care, and other products worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging solutions, special cartons, plastic bottles and jars, and capsules and closures. The company was incorporated in 1926 and is headquartered in Zürich, Switzerland.
IPO Year: 2019
Exchange: NYSE
Website: amcor.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/9/2024 | $10.80 | Hold | Stifel |
| 6/28/2024 | $9.80 | Equal Weight | Wells Fargo |
| 7/10/2023 | $12.40 → $9.00 | Buy → Underperform | BofA Securities |
| 5/3/2023 | $11.60 → $10.80 | Neutral → Overweight | JP Morgan |
| 5/3/2023 | Underperform → Hold | Jefferies | |
| 1/24/2023 | $11.70 | Overweight → Neutral | JP Morgan |
| 10/13/2022 | Underperform → Buy | BofA Securities | |
| 8/18/2022 | Outperform → Neutral | Macquarie | |
| 8/18/2022 | Hold → Underperform | Jefferies | |
| 8/4/2022 | Overweight → Equal-Weight | Morgan Stanley |
ZURICH, Sept. 5, 2024 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC))), a global leader in developing and producing responsible packaging solutions, today announced senior executive appointments designed to help accelerate organic growth in the business. Fred Stephan, previously President, Amcor Flexibles North America, has been appointed to the newly introduced role of Chief Operating Officer. Fred will report to the Chief Executive Officer and will be responsible for enhancing the Company's ability to leverage and accelerate profitable growth opportunities across the global fl
ZURICH, Sept. 4, 2024 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC))), a global leader in developing and producing responsible packaging solutions, today announced that its Board of Directors has appointed Peter Konieczny as Chief Executive Officer (CEO). Mr. Konieczny has served as Interim CEO since April 2024. The Board also intends to nominate him as a director for election at the Company's Annual Meeting of Shareholders which is expected to be held in November 2024. Amcor Chairman, Mr. Graeme Liebelt, said, "Peter has demonstrated exceptional leadership in every role he has
ZURICH, Aug. 20, 2024 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX:AMC))), a global leader in developing and producing responsible packaging solutions, announced the publication of its Decarbonization Roadmap to reduce greenhouse gas (GHG) emissions. Amcor's targets are aligned with the latest climate science aiming to limit global temperature rise to 1.5 degrees Celsius and validated by the Science-Based Targets initiative (SBTi). Amcor's Decarbonization Roadmap features "4 + 1" focus areas: Product redesign: Innovating Amcor's product designs to lower their carbon footprint.Recycle
June 2024 Quarter Highlights: Another sequential improvement in volumes and earnings growth;Net sales of $3,535 million; volumes returned to growth, up 1%;GAAP net income of $257 million; GAAP diluted earnings per share (EPS) of 17.8 cps;Adjusted EBIT of $454 million, up 4% on a comparable constant currency basis; andAdjusted EPS of 21.1 cps, up 9% on a comparable constant currency basis.Fiscal 2024 Full Year Highlights: Net sales of $13,640 million;GAAP Net Income of $730 million; GAAP diluted EPS of 50.5 cps;Adjusted EPS of 70.2 cps and Adjusted EBIT of $1,560 million;Adjusted Free Cash Flow of $952 million, up >$100 million or 12% on last year; andCash returns to shareholders of approxi
ZURICH, Aug. 1, 2024 /PRNewswire/ -- Amcor plc (NYSE:AMCR, ASX: AMC))) will announce its full year results for the twelve months ended 30 June 2024 after the US market closes on Thursday 15 August 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Thursday 15 August 2024 / 7.30am Australian Eastern Standard Time on Friday 16 August 2024. For those wishing to participate in the call please use the following dial-in numbers: USA: 800 715 9871 (toll-free) USA: 646 307 1963 (local) Australia: 1800 519 630 (toll-free)02 9133 7103 (local) United Kingdom: 0800 358 0970 (toll-free)020 3433 3846 (local) Hong Ko
Amcor has opened its European Innovation Center in Belgium. The facility will partner with brands and retailers from across the region to design packaging that delivers better results for consumers and the environment alike. ZURICH, May 30, 2024 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC))), a global leader in developing and producing responsible packaging solutions, has expanded its packaging innovation hubs around the world. In addition to existing centers in the US, South America and Asia Pacific, the company has now opened its Amcor Innovation Center Europe (AICE) in Ghent, Belgium. The AICE will pioneer new material technologies to make packaging more sustainable and performant, while
March 2024 quarter:GAAP diluted EPS of 12.9 cps; GAAP net income of $187 millionAdjusted EBIT of $397 million up 3% on a comparable constant currency basisAdjusted EPS of 17.8 cps, up 1% on a comparable constant currency basis YTD Highlights - Nine Months Ended March 31, 2024 Net sales of $10,105 million;GAAP Net income of $473 million; GAAP diluted earnings per share (EPS) of 32.7 cps;Adjusted EPS of 49.1 cps and Adjusted EBIT of $1,106 million;Adjusted Free Cash Flow of $115 million, approximately $100 million ahead of prior year;Strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; andFiscal 2024 outlook for Adjust
ZURICH, April 16, 2024 /PRNewswire/ -- Amcor plc (NYSE:AMCR, ASX: AMC))) will announce its year to date results for the nine months ended 31 March 2024 after the US market closes on Tuesday 30 April 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Tuesday 30 April 2024 / 7.30am Australian Eastern Standard Time on Wednesday 1 May 2024. For those wishing to participate in the call please use the following dial-in numbers: US and Canada: 800 715 9871 (toll-free) US: 646 307 1963 (local) Australia: 1800 519 630 (toll-free)02 9133 7103 (local) United Kingdom: 0800 358 0970 (toll-free)020 3433 3846 (local) Hong Kong: +852 3002 341
ZURICH, March 19, 2024 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC))), a global leader in developing and producing responsible packaging solutions, announced today that after nine years as Chief Executive Officer (CEO), Ron Delia has informed the Board of Directors of his decision to retire from the Company and step down from the Board for health reasons, effective April 15, 2024. The Board has appointed Peter Konieczny, Amcor's current Chief Commercial Officer and a long-standing member of the Company's Global Management Team, as Interim CEO. Mr. Delia will provide continued
December 2023 quarter:GAAP diluted EPS of 9.2 cps; Adjusted EPS of 15.7 cps Highlights - Six Months Ended December 31, 2023 Net sales of $6,694 million;GAAP Net income of $286 million; GAAP diluted earnings per share (EPS) of 19.8 cps;Adjusted EPS of 31.3 cps and Adjusted EBIT of $709 million;Adjusted Free Cash Flow $113 million ahead of prior year;Continued strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; andReaffirming fiscal 2024 outlook: Adjusted EPS of 67-71 cents per share and adjusted Free Cash Flow of $850-950 million.ZURICH, Feb. 6, 2024 /PRNewswire/ -- Amcor reaffirms fiscal 2024 outlook Amcor CEO Ron
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ZURICH, Sept. 4, 2024 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC))), a global leader in developing and producing responsible packaging solutions, today announced that its Board of Directors has appointed Peter Konieczny as Chief Executive Officer (CEO). Mr. Konieczny has served as Interim CEO since April 2024. The Board also intends to nominate him as a director for election at the Company's Annual Meeting of Shareholders which is expected to be held in November 2024. Amcor Chairman, Mr. Graeme Liebelt, said, "Peter has demonstrated exceptional leadership in every role he has
ZURICH, March 19, 2024 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC))), a global leader in developing and producing responsible packaging solutions, announced today that after nine years as Chief Executive Officer (CEO), Ron Delia has informed the Board of Directors of his decision to retire from the Company and step down from the Board for health reasons, effective April 15, 2024. The Board has appointed Peter Konieczny, Amcor's current Chief Commercial Officer and a long-standing member of the Company's Global Management Team, as Interim CEO. Mr. Delia will provide continued
Consumer brand veteran brings wealth of global boardroom and management experience to leadership position Wolverine World Wide, Inc. (NYSE:WWW) today announced the appointment of Nicholas T. ("Tom") Long as Lead Independent Director of its Board of Directors, effective November 4, 2022. Long, a Wolverine Worldwide director since 2011 and current chair of the Compensation Committee, succeeds Dr. David T. Kollat, who will remain on the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221104005390/en/(Photo: Business Wire) Long, 63, is a veteran of multiple consumer-focused brands and brings exceptional global experience from
DEERFIELD, Ill., June 9, 2022 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC))) announced today the appointment of Susana Suarez Gonzalez as Executive Vice President and Chief Human Resources Officer, effective June 13, 2022. She will be responsible for leading Amcor's global human resources function, with a strong focus on continuing to invest in talent and organizational development as levers for delivering strategy and growth. Suarez Gonzalez will report to Ron Delia, Amcor's Chief Executive Officer. Suarez Gonzalez brings more than 31 years of human resources experience, driving talent and growth in business-to-business organizations. Her most recent role was as Executive Vice President, Chi
Stifel initiated coverage of Amcor with a rating of Hold and set a new price target of $10.80
Wells Fargo initiated coverage of Amcor with a rating of Equal Weight and set a new price target of $9.80
BofA Securities downgraded Amcor from Buy to Underperform and set a new price target of $9.00 from $12.40 previously
JP Morgan upgraded Amcor from Neutral to Overweight and set a new price target of $10.80 from $11.60 previously
Jefferies upgraded Amcor from Underperform to Hold
JP Morgan downgraded Amcor from Overweight to Neutral and set a new price target of $11.70
BofA Securities upgraded Amcor from Underperform to Buy
Macquarie downgraded Amcor from Outperform to Neutral
Jefferies downgraded Amcor from Hold to Underperform
Morgan Stanley downgraded Amcor from Overweight to Equal-Weight
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June 2024 Quarter Highlights: Another sequential improvement in volumes and earnings growth;Net sales of $3,535 million; volumes returned to growth, up 1%;GAAP net income of $257 million; GAAP diluted earnings per share (EPS) of 17.8 cps;Adjusted EBIT of $454 million, up 4% on a comparable constant currency basis; andAdjusted EPS of 21.1 cps, up 9% on a comparable constant currency basis.Fiscal 2024 Full Year Highlights: Net sales of $13,640 million;GAAP Net Income of $730 million; GAAP diluted EPS of 50.5 cps;Adjusted EPS of 70.2 cps and Adjusted EBIT of $1,560 million;Adjusted Free Cash Flow of $952 million, up >$100 million or 12% on last year; andCash returns to shareholders of approxi
ZURICH, Aug. 1, 2024 /PRNewswire/ -- Amcor plc (NYSE:AMCR, ASX: AMC))) will announce its full year results for the twelve months ended 30 June 2024 after the US market closes on Thursday 15 August 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Thursday 15 August 2024 / 7.30am Australian Eastern Standard Time on Friday 16 August 2024. For those wishing to participate in the call please use the following dial-in numbers: USA: 800 715 9871 (toll-free) USA: 646 307 1963 (local) Australia: 1800 519 630 (toll-free)02 9133 7103 (local) United Kingdom: 0800 358 0970 (toll-free)020 3433 3846 (local) Hong Ko
March 2024 quarter:GAAP diluted EPS of 12.9 cps; GAAP net income of $187 millionAdjusted EBIT of $397 million up 3% on a comparable constant currency basisAdjusted EPS of 17.8 cps, up 1% on a comparable constant currency basis YTD Highlights - Nine Months Ended March 31, 2024 Net sales of $10,105 million;GAAP Net income of $473 million; GAAP diluted earnings per share (EPS) of 32.7 cps;Adjusted EPS of 49.1 cps and Adjusted EBIT of $1,106 million;Adjusted Free Cash Flow of $115 million, approximately $100 million ahead of prior year;Strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; andFiscal 2024 outlook for Adjust
ZURICH, April 16, 2024 /PRNewswire/ -- Amcor plc (NYSE:AMCR, ASX: AMC))) will announce its year to date results for the nine months ended 31 March 2024 after the US market closes on Tuesday 30 April 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Tuesday 30 April 2024 / 7.30am Australian Eastern Standard Time on Wednesday 1 May 2024. For those wishing to participate in the call please use the following dial-in numbers: US and Canada: 800 715 9871 (toll-free) US: 646 307 1963 (local) Australia: 1800 519 630 (toll-free)02 9133 7103 (local) United Kingdom: 0800 358 0970 (toll-free)020 3433 3846 (local) Hong Kong: +852 3002 341
December 2023 quarter:GAAP diluted EPS of 9.2 cps; Adjusted EPS of 15.7 cps Highlights - Six Months Ended December 31, 2023 Net sales of $6,694 million;GAAP Net income of $286 million; GAAP diluted earnings per share (EPS) of 19.8 cps;Adjusted EPS of 31.3 cps and Adjusted EBIT of $709 million;Adjusted Free Cash Flow $113 million ahead of prior year;Continued strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; andReaffirming fiscal 2024 outlook: Adjusted EPS of 67-71 cents per share and adjusted Free Cash Flow of $850-950 million.ZURICH, Feb. 6, 2024 /PRNewswire/ -- Amcor reaffirms fiscal 2024 outlook Amcor CEO Ron
ZURICH, Jan. 23, 2024 /PRNewswire/ -- Amcor plc (NYSE:AMCR, ASX: AMC))) will announce its Half Year 2024 results for the six months ended 31 December 2023 after the US market closes on Tuesday 6 February 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Standard Time on Tuesday 6 February 2024 / 9.30am Australian Eastern Daylight Time on Wednesday 7 February 2024. For those wishing to participate in the call please see dial-in details below: USA & Canada 646 307 1963 (local) 800 715 9871 (toll-free) Australia 02 9133 7103 (local)
June 2023 quarter: GAAP diluted EPS of 12.3 cps; Adjusted EPS of 19.3 cps Fiscal 2023 Full Year Highlights Net sales of $14,694 million, in line with the prior year on a comparable constant currency basis;GAAP Net Income of $1,048 million; GAAP diluted earnings per share (EPS) of 70.5 cps;Adjusted EPS of 73.3 cps and Adjusted Free Cash Flow of $848 million, in line with guidance provided in May. Adjusted EBIT of $1,608 million;Strong total cash returns to shareholders of $1.2 billion: annual dividend increased to 49.0 cents per share; $431 million of shares repurchased (approximately 3% of outstanding shares); andFiscal 2024 outlook: Adjusted EPS of 67-71 cents per share. Adjusted Free Cash
ZURICH, Aug. 2, 2023 /PRNewswire/ -- Amcor plc (NYSE:AMCR, ASX: AMC))) will announce its Full Year 2023 results for the twelve months ended 30 June 2023 after the US market closes on Wednesday 16 August 2023. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Wednesday 16 August 2023 / 7.30am Australian Eastern Standard Time on Thursday 17 August 2023. For those wishing to participate in the call please use the following dial-in numbers: US and Canada: 888 440 4149 (toll-free) 646 960 0661 (local) Australia: 1800 519 630 (toll-free) 02 9133 7103 (local) United Kingdom: 0800 358 0970 (toll-free) 020 3433 3846 (local) Hong Kong, China:
March 2023 quarter: GAAP EPS of 11.9 cps; Adjusted EPS of 17.5 cps Highlights - Nine Months Ended March 31, 2023 Net sales of $11,021 million, up 4%;GAAP Net income of $868 million, up 25%; GAAP diluted earnings per share (EPS) of 58.1 cps, up 27%;Adjusted EPS of 54.1 cps, up 4% on a comparable constant currency basis;Adjusted EBIT of $1,173 million, up 4% on a comparable constant currency basis;Strong cash returns to shareholders: quarterly dividend of 12.25 cents per share and $200 million of share repurchases year-to-date; andFiscal 2023 outlook: Adjusted EPS and Free Cash Flow ranges updated to 72-74 cps and $800-900 million, respectively.ZURICH, May 2, 2023 /PRNewswire/ -- Amcor CEO Ro
ZURICH, April 18, 2023 /PRNewswire/ -- Amcor plc (NYSE:AMCR, ASX: AMC))) will announce its year to date results for the nine months ended 31 March 2023 after the US market closes on Tuesday 2 May 2023. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Tuesday 2 May 2023 / 7.30am Australian Eastern Standard Time on Wednesday 3 May 2023. For those wishing to participate in the call please use the following dial-in numbers: US and Canada: 888 440 4149 (toll-free) 646 960 0661 (local) Australia: 1800 519 630 (toll-free) 02 9133 7103 (local) United Kingdom: 0800 358 0970 (toll-free) 020 3433 3846 (local) Hong Kong, China: +852 3002 3410
Stifel analyst Lars Kjellberg initiates coverage on Amcor (NYSE:AMCR) with a Hold rating and announces Price Target of $10.8.
Wells Fargo analyst Gabe Hajde initiates coverage on Amcor (NYSE:AMCR) with a Equal-Weight rating and announces Price Target of $9.8.
Amcor has opened its European Innovation Center in Belgium. The facility will partner with brands and retailers from across the region to design packaging that delivers better results for consumers and the environment alike.
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JP Morgan analyst Anthony Longo maintains Amcor (NYSE:AMCR) with a Overweight and raises the price target from $9.9 to $10.
U.S. stocks were mixed, with the Dow Jones index gaining over 50 points on Wednesday. Shares of Powell Industries, Inc. (NASDAQ:POWL) rose sharply during Wednesday's session after the company reported better-than-expected second-quarter financial results. Powell Industries posted GAAP earnings of $2.75 per share, beating market estimates of $1.77 per share. The company's quarterly sales came in at $255.108 million versus expectations of $201.447 million, according to data from Benzinga Pro. Powell Industries shares jumped 23.2% to $176.16 on Wednesday. Here are some other big stocks recording gains in today's session. Rocky Brands, Inc. (NASDAQ:RCKY) shares jumped 31.6% to $3
Fiscal 2024 Guidance - updatedFor the twelve month period ending June 30, 2024, the Company expects:Adjusted EPS of 68.5 to 71 cents per share (previously 67 to 71 cents per share) which includes:• Comparable constant currency earnings made up of underlying business performance down low single digit % to up low single digit %, a benefit of approximately 2% from share repurchases, and a negative impact of up to 6% related to higher estimated net interest and tax expense;• A negative impact of approximately 3% related to the sale of the Company's Russian business on December 23, 2022, the impact of which was all in the first half of fiscal 2024; and• A benefit of up to 2% related to currenc
Amcor (NYSE:AMCR) reported quarterly sales of $3.41 billion which missed the analyst consensus estimate of $3.50 billion by 2.54 percent. This is a 6.98 percent decrease over sales of $3.67 billion the same period last year.