Amcor plc (NASDAQ:AMCR) Expected to Announce Quarterly Sales of $1.03 Billion
Wall Street analysts expect Amcor plc (NASDAQ:AMCR) to report $1.03 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Amcor’s earnings. The lowest sales estimate is $1.02 billion and the highest is $1.04 billion. Amcor also reported sales of $1.03 billion during the same quarter last year. The firm is expected to issue its next earnings results after the market closes on Tuesday, August 20th.
According to Zacks, analysts expect that Amcor will report full year sales of $4.06 billion for the current year, with estimates ranging from $4.05 billion to $4.07 billion. For the next financial year, analysts anticipate that the company will report sales of $0.00. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Amcor.
Several equities research analysts have recently issued reports on AMCR shares. Citigroup started coverage on shares of Amcor in a research report on Thursday, June 20th. They set a “buy” rating and a $13.00 price objective on the stock. Goldman Sachs Group started coverage on shares of Amcor in a research report on Wednesday, June 12th. They set a “sell” rating on the stock.
Shares of Amcor stock traded down $0.25 on Thursday, hitting $9.70. 3,444,679 shares of the company traded hands, compared to its average volume of 6,705,929. Amcor has a 52 week low of $9.69 and a 52 week high of $11.77. The company’s 50-day moving average price is $10.94.
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.
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