Amcor (ASX:AMC, NYSE:AMCR), a global leader in packaging solutions, reported first-quarter results for the 2025 fiscal year, showing sequential growth driven by its Flexibles and Rigid Packaging segments.
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Peter Konieczny has quickly ascended to the top of Amcor (ASX:AMC), being named the permanent CEO of the packaging giant this week. He succeeds Ron Delia, who stepped down in April after nine years in the role due to health reasons.
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For thousands of Amcor (ASX:AMC) employees, the company's exposure to world economic activity took a harsh turn in the six months leading to December, as confirmed by Wednesday's quarterly and interim results.
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Judging by the positive market reaction, global packaging giant Amcor (ASX:AMC) delivered a bit of an upside surprise in its latest results, released on Wednesday, with shares rising more than 2% in morning trading.
Read MoreShares in Amcor fell nearly 12% at one stage on Wednesday after the company dropped June 30 earnings by 5% and warned of a challenging outlook.
Read MoreAmcor says that while third quarter volumes fell in China, demand was solid elsewhere as the company managed to protect margins with price rises offsetting higher costs.
Read MoreThe Neutral rating is retained and the target price increases to $17.85 from $17.00.
Read MoreFY23, FY24 and FY25 EPS forecasts rise 1%. Target price rises to $19 from $18.07. Outperform rating retained.
Read MoreCredit Suisse retains a Neutral rating and target price of $17.00.
Read MoreCredit Suisse sees no immediate impact from proposed changes to the Packaging and Packaging Waste Directive (PPWD), by the European Commission.
Read MoreThe Neutral rating is retained and the target price decreases to $16.00 from $17.50.
Read MoreThe Neutral rating and target price of $17.50 are retained.
Read MoreDecember half year figures confirm packaging giant Amcor is seeing solid returns after it transplanted itself in the wake of the $US6.8 billion Bemis packaging takeover in 2019.
Read MoreThe broker makes no changes to its forecasts, Neutral rating or $17.20 target price.
Read MoreUBS lowers its target to $18.83 from $18.93. Buy-rated.
Read MoreAustralian-US packaging giant Amcor has reaffirmed its 2021-22 financial outlook after reporting that earnings rose in the three months to September, despite a sharp rise in raw material costs.
Read MoreThe broker lifts its target price to $18.90 from $17.70 and leaves the Add rating unchanged.
Read MoreUBS finds the valuation attractive and retains a Buy rating. Target is raised to $18.93 from $17.40.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by a couple of big-name multinational companies: CSL Limited and Amcor.
Read MoreAmcor provided a robust update for the nine months to March yet detail is lacking on just how cost pressures will pan out.
Read MoreMorgans maintains the Add rating and increases the target price to $17.70 from $17.10, due largely to a roll-forward of the Morgans financial model to FY22 forecasts.
Read MoreNeutral maintained. Target rises to $16.42 from $16.09.
Read MoreAmcor shares rose 2.3% yesterday in the wake of an encouraging trading update, reporting a 12% increase in net income to $US805 million for the nine months to March.
Read MoreThe positive results from core shareholdings for 2021 FY reiterate why Investors Mutual invests in good quality, well-established businesses which produce real cashflows, earnings, and dividends.
Read MoreAmcor achieved a strong result in the first half, ramping up its buyback program and setting the stage for further acquisitions.
Read MoreFirst half results beat UBS estimates. Earnings growth was supported organically along with the Bemis merger synergies and share buyback accretion. UBS upgrades to Buy from Hold. Target is reduced to $16.60 from $16.66.
Read MoreShares in Amcor jumped sharply on Wednesday after the company revealed a solid boost to earnings and revenue from the long takeover of American packager Bemis.
Read MoreAnton Tagliaferro and Phillip Gray from Investors Mutual follow up their earlier article with some further insights into whether or not fundamentals still matter.
Read MoreAnton Tagliaferro and Daniel Moore analyse the fundamentals of Amcor, Brambles and Orica and seek to provide an objective insight into the ‘blue sky’ being factored into Afterpay’s share price.
Read MorePackaging behemoth Amcor has under-promised and over-delivered while announcing a new buyback at its AGM. That’s how Credit Suisse assesses the update, as guidance for growth in earnings per share has increased to 7-12% for FY21 from a prior 5-10%.
Read MoreCredit Suisse upgrades estimates by 4%, projecting FY21 earnings above Amcor’s new growth guidance of 7-12%.
Read MoreWith certain sectors at extreme valuations, managing risk is more important than ever when investing in small caps. Marc Whittaker and Phillip Gray from Investors Mutual discuss their key tenets for managing risk in the small-cap sector.
Read MoreIn its investor day briefing, Amcor announced it was on track for its products to be fully recyclable by 2025.
Read MoreLooking back over 35 years of investing, I never thought that I would ever see the day in Australia where interest rates are as low as they are today.
Read MoreCredit Suisse refines forecasts, noting new disclosures in the annual report. Organic operating earnings growth for the flexibles division has been confirmed at 2-3%. This is lower than the broker was modelling and causes a slight downgrade to estimates.
Read MoreCredit Suisse expects Amcor’s rigid plastics will be affected, envisaging a -5% drop in volume in the second half, given The Coca-Cola Co reported global volumes during April are down -25%.
Read MoreIn more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read MoreCredit Suisse upgrades to Outperform from Neutral because of the recent fall in the share price. Value has emerged, in the broker’s opinion, and Amcor did not fully participate in the recent market rally.
Read MoreCredit Suisse raises the target to $16.25 from $15.50, suspecting there could be more consensus upgrades. Falling raw materials prices could stimulate some new volume and underpin profit.
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