18 stories mentioning ASX:AMCUpdated 5d ago
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Amcor (ASX:AMC) launched the Li Kou pet food cup in China in collaboration with pet food brand Ge Wu An, according to a Monday statement.The inverted-cup packaging format allows consumers to peel, invert, tear, and lift the cup to release the wet pet food into a bowl in one piece without scraping or scooping, the packaging company said.
Amcor (ASX:AMC) is seeing a modestly positive volume trend of up to 1% continuing into the September quarter, with consumer packaged goods customers focused on volume initiatives, according to a Friday Jefferies note.Jefferies said that recent sentiment has weakened due to Middle East tensions and rising resin costs, increasing inflationary concerns, while Amcor has successfully passed through higher raw material costs, but resin price volatility could make its free cash flow targets harder to achieve.The investment firm believes that the company is currently at full valuation until it shows sustained low-single-digit volume growth.Jefferies kept a hold rating on Amcor with a price target of AU$64.17.The company's shares fell 1% in recent Monday trade.
Amcor (ASX:AMC) expanded its refillable packaging portfolio for beauty and personal care products, offering a range of customizable bottles, according to a Tuesday statement by the company.The new products include the Mocha bottle with various closures and pumps and the AmPrima recycle-ready spouted stand-up pouches available in sizes from 30 milliliters to 2 liters.The company's shares fell nearly 2% in recent Wednesday trade.
Amcor (ASX:AMC) said Chief Executive Peter Konieczny acquired 11,131 shares and disposed of 590 shares in the company on Sept. 3, according to US Securities and Exchange Commission disclosures filed Wednesday with the Australian bourse.Konieczny now owns 159,303 shares, the filing said.
Endeavour Group (ASX:EDV) appointed Michael Casamento as chief financial officer, effective November, succeeding Kate Beattie, according to a Tuesday Australian bourse filing.Beattie will remain chief business services officer until retiring from executive roles in late 2027, the filing said.Casamento recently worked in the role of group CFO at Amcor (ASX:AMC), the filing added.
Amcor (ASX:AMC) needs a sustained shift to volume growth for investors to mark a higher multiple to Amcor's earnings, according to a Thursday note by Jefferies.Amcor managed inflationary impacts into the fiscal fourth quarter by passing through around AU$300 million of higher raw materials to customers.The brokerage reduced December quarter earnings-per-share by around 7%, reflecting higher corporate costs/interest/tax, while making minimal operational earnings changes.Despite overall volume growth of around 0.5% in the fiscal fourth quarter, Jefferies remained cautious on industry sales based on a weak US low-end consumer and other headwinds affecting food spend.The investment firm retained a hold rating on Amcor and a price target of AU$64.17 per share.
Amcor (ASX:AMC) logged $1.23 in non-GAAP earnings per share for the fiscal fourth quarter, compared with $1 a year ago, a late Wednesday statement showed.For the three months ended June 30, net sales was $6.4 billion versus $5.08 billion previously, the Australia-listed global packaging company added.The board declared a quarterly dividend of $0.65 per share, up from $0.6375 a year earlier, payable Sept. 24 to shareholders on record as of Sept. 4.The company expects non-GAAP earnings of around $1.80 to $1.90 for the six-month transition period from July 1 through December 31.
Amcor's (ASX:AMC) financial leverage and free cash flow generation will be the main watch points in its fiscal year 2026 results, which remain critical to share price performance, according to Jarden in a Wednesday note.Amcor has fiscal year 2026 core earnings per share guidance of $3.98 to $4.03, with market expectations sitting at the low end of guidance.Overall, industry volume trends have been robust, but variability in the performance and outlook amongst key customers in the consumer packaging goods (CPG) space is notable. Despite signs of improving CPG customer volumes, the flexibles segment volume performance in the fiscal third quarter was still down 1.5%.The operating profitability in the segment to date has been aided by productivity and synergies realisation. Whilst expected to remain supportive over the near-term, it will at some point need to transition to volume-led growth.The investment firm retained its overweight rating and cut the price target to AU$75.70 per share from AU$75.90 per share.
Amcor (ASX:AMC) shares have rebounded as cost concerns have eased, but a sustained re-rating is unlikely due to ongoing structural challenges, Jefferies said in a note on Wednesday.The packaging company is expected to face a structural volume drag of around 1% per year, making it difficult for the company to meet its 2027 market consensus expectations.Jefferies said Amcor's organic volumes have declined for four consecutive quarters, due to customers shifting towards cheaper store brands, lower food assistance spending that could reduce demand in some product categories, and weight loss drugs impacting demand for certain food categories.The investment firm expects Amcor to report fiscal fourth-quarter earnings per share of $1.20, in line with analysts' estimates compiled by Visible Alpha.Jefferies downgraded Amcor's rating to hold from buy and cut its price target to AU$64.17 from AU$70.77.
Here are the ASX-listed companies with the biggest gains on Friday.Coles Group (ASX:COL): +3%, AU$23.31Xero (ASX:XRO): +3%, AU$71.17Woodside Energy Group (ASX:WDS): +3%, AU$30.27AMP (ASX:AMP): +3%, AU$1.95Amcor (ASX:AMC): +3%, AU$63.72Generation Development Group (ASX:GDG): +3%, AU$3.57Regis Healthcare (ASX:REG): +3%, AU$6.15GQG Partners (ASX:GQG): +3%, AU$1.41News Corp (ASX:NWS): +2%, AU$46.69Guzman y Gomez (ASX:GYG): +2%, AU$21.74
Amcor (ASX:AMC) started expanding its flexible packaging facility in Dongguan, China, adding a 7,000-square-meter manufacturing plant and automated warehouse to increase the campus' total area to more than 38,000 square meters, according to a late Thursday statement by the company.The project aims to boost production capacity, strengthen supply chain reliability, and support customers across the Asia Pacific region, with completion scheduled for July 2027.The expansion includes automated solvent-free laminators, high-speed bag-making machines, and automated bag arranging systems to boost production efficiency while supporting the manufacture of recycle-ready packaging for food, home, and personal care products.The company operates 23 manufacturing facilities and two research and development centers across China.
Amcor (ASX:AMC) shares rose nearly 1% in morning trade on Tuesday after disclosing its collaboration with UK-based startup Kelpi to explore coating technologies for fiber packaging materials.The packaging company is evaluating Kelpi's proprietary coating technology platform, a bio-based seaweed material designed for barrier performance and compatibility with recycling streams for fiber-based packaging, according to a statement released late Monday.
Amcor (ASX:AMC) largely de-risked its fiscal fourth quarter with free cash flow broadly in line despite the Middle East conflict, Jefferies said in a note on Monday.It only has around 5% resin sourcing exposure to the Middle East and seems to have managed inflationary impacts into the fourth quarter via resin pass-through mechanisms. Thus, minimal to no impact on operating earnings is expected from resin volatility, with management confident it can quickly recapture inflationary impacts.It guided down free cash flow to AU$1.5 billion to AU$1.6 billion from around AU$1.8 billion to AU$1.9 billion, noting temporary resin price impacts, while holding more inventory to ensure customer supply.The investment firm has a buy rating on Amcor while lowering its price target to AU$70.77 per share from AU$71.83 per share.
Amcor (ASX:AMC) shares gained 1% in recent Tuesday trade after the company said late Monday it obtained Chinese accreditation for its Asia Pacific Innovation Center laboratory.The accreditation from the China National Accreditation Service for Conformity Assessment indicates that the laboratory fulfills requirements for technical competence and quality management, the company said.The development allows the laboratory to generate test data that is recognized across 116 countries, facilitating regulatory approval and market access for Amcor customers, it said.
Amcor (ASX:AMC) reported Thursday fiscal third-quarter adjusted earnings of $0.96 per share, up from $0.90 a year earlier.Analysts polled by FactSet expected earnings of $0.95.Net sales for the three months ended March 31 was $5.91 billion, compared with $3.33 billion a year earlier. Analysts surveyed by FactSet expected $5.71 billion.The company narrowed its fiscal 2026 adjusted earnings guidance to $3.98 to $4.03, from its earlier outlook of $4 to $4.15 per share. Analysts polled by FactSet expect earnings of $3.96.The board declared a quarterly dividend of $0.65 per share, payable June 17 to shareholders on record as of May 28. In the same period last year, the dividend was $0.6375 per share, declared as $0.1275 before adjusting for the reverse stock split, which came into effect in January.In a separate filing, the company said it will change its fiscal year to start on Jan. 1 and end on Dec. 31, from a financial year that starts on July 1 and ends on June 30. Its first full year resulting from the change will be the year ending Dec. 31, 2027.
Amcor (ASX:AMC) divested two beverage closure compression molding facilities from its Rigid Packaging Solutions North America business to Closure Systems, according to a Wednesday statement from Closure Systems.One of the facilities is an around 183,000-square-foot site in Erie, Pennsylvania, while the other is an around 119,000-square-foot site Hattiesburg, Mississippi.Financial terms were not disclosed.
Amcor (ASX:AMC) has had its earnings estimates cut by Jefferies for the second time in a month, as higher resin costs and softer consumer demand weigh on margins and cash flow, the firm said in a Thursday note.Jefferies noted resin costs rose around 15% to 25% year on year, with the company's polyethylene and polypropylene input exposure at $5 billion to $6 billion annually, and expects the delayed impact of higher costs to pass through in coming quarters, resulting in a notable margin squeeze in the fourth quarter.The firm expects fiscal 2026 earnings of about $3.94, below both company guidance of $4 to $4.15 and consensus at $4, and has cut fiscal 2027 estimates by around 4% on a more cautious view of demand and margins.The firm highlighted working capital pressure, with an estimated $200 million drag from higher resin costs pushing fiscal 2026 leverage to around 3.5 times, and noted that a further 10% rise in resin prices could add around 0.4 times to leverage if fully passed through working capital.The firm expects third quarter earnings before interest, taxes, depreciation and amortization of $936 million, in line with consensus, and earnings of $0.927, slightly below estimates due to higher interest costs, alongside low-single-digit volume declines and continued softness in food and household.Jefferies kept a buy rating on Amcor and cut its price target to AU$71.83 from AU$75.27.
