Sale not expected to impact FY25 financial outlookProceeds to be used to reduce debtZURICH, Oct. 31, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it has entered into an agreement to sell its 50% interest in Bericap North America (BCNA) for $122 million. Established in 1997, BCNA is a 50/50 joint venture between Amcor Rigid Packaging and Germany-based Bericap that manufactures closures for beverage, food and in ...

Amcor Plc (AMCR) is scheduled to report first-quarter fiscal 2025 results on Oct. 31, after the closing bell. The Zacks Consensus Estimate for AMCR's first-quarter revenues is pegged at $3.57 billion, indicating 3.7% growth from the year-ago reported figure. The consensus estimate for earnings is pegged at 16 cents per share. The Zacks Consensus Estimate for AMCR's first-quarter earnings has moved down 6% in the past 60 days. The estimate indicates a flat year-over- year bottom line. | --- | --- | --- | --- ...

ZURICH, Oct. 18, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, released today its 2024 Sustainability Report. The report shows significant achievements and continued progress in the company's sustainability aspirations.Join Peter Konieczny, CEO of Amcor, as he shares highlights from the Sustainability Report 2024, showcasing the company’s key achievements and ongoing progress.Amcor Sustainability Report 2024In addition to havi ...

Group 1 - Amcor plc will announce its First Quarter 2025 results on October 31, 2024, after the US market closes [1] - A conference call and webcast to discuss the results is scheduled for 5:30 PM US Eastern Daylight Time on October 31, 2024 [1] - The company generated $13.6 billion in annual sales in fiscal year 2024, with operations spanning 212 locations in 40 countries [2] Group 2 - Amcor is a global leader in responsible packaging solutions for various sectors including food, beverage, pharmaceutical, and personal care [2] - The company focuses on creating packaging that is recyclable, reusable, and made with increasing amounts of recycled content [2] - Amcor employs approximately 41,000 people worldwide [2]

Core Viewpoint - Amcor (AMCR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimate Revisions - The Zacks Consensus Estimate for Amcor for the fiscal year ending June 2025 is projected at $0.75 per share, reflecting a 7.1% increase from the previous year's reported figure [5]. - Over the past three months, analysts have raised their earnings estimates for Amcor by 1.4% [5]. Impact of Institutional Investors - Changes in earnings estimates are closely correlated with stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [3]. - An increase in earnings estimates typically leads to higher fair value calculations for stocks, prompting institutional buying or selling, which subsequently affects stock prices [3]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade of Amcor to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [7].

Investors interested in stocks from the Containers - Paper and Packaging sector have probably already heard of Amcor (AMCR) and Packaging Corp. (PKG) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a p ...

Company Performance - Amcor (AMCR) has shown a year-to-date performance increase of approximately 16.1%, outperforming the average return of 14.5% for the Industrial Products sector [2] - The Zacks Consensus Estimate for Amcor's full-year earnings has increased by 1.4% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [2] - Amcor currently holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to beat the market in the near term [1] Industry Comparison - Amcor is part of the Containers - Paper and Packaging industry, which has an average year-to-date gain of 17%, indicating that Amcor is slightly underperforming its industry [3] - In contrast, Brady (BRC), another stock in the Industrial Products sector, has returned 27.7% year-to-date and belongs to the Security and Safety Services industry, which has increased by 28.1% this year [2][3] - The Containers - Paper and Packaging industry is currently ranked 89 in the Zacks Industry Rank, while the Security and Safety Services industry is ranked 180 [3]

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ZURICH, Sept. 26, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today that its long-term carbon reduction targets have been approved by the Science Based Targets initiative (SBTi).Amcor's long-term carbon reduction targets have been approved by the Science Based Targets initiative (SBTi).Amcor's long-term goal is to achieve net-zero greenhouse gas emissions across its value chain by 2050. This commitment includes sig ...