Amcor (AMCR) Stock

AMCR's earnings for the second quarter are anticipated to increase due to growth in volume across both of its segments.

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Amcor has been upgraded to a buy rating from my previous hold rating, as the company is expected to finalize its acquisition of Berry Global, forming a major packaging company. The stock is currently undervalued compared to its main competitors and has fallen below its 200-day moving average, presenting a good opportunity to buy. Even without the merger, the stock offers a dividend yield of over 5% and has strong credit ratings and a positive cash flow forecast.

ZURICH, Jan. 21, 2025 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will release its second quarter and half-year results for fiscal 2025, covering the periods ending December 31, 2024, before the US market opens on Tuesday, February 4, 2025. A conference call and webcast to discuss these results will take place at 8:00 AM US Eastern Standard Time on February 4, 2025, which is 12:00 AM Australian Eastern Daylight Time on February 5, 2025.

ZURICH, Jan. 7, 2025 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a worldwide leader in creating responsible packaging solutions, has once more been listed in the Dow Jones Sustainability Indices (DJSI): Australia Index (DJSI Australia) for its dedication to sustainability in environmental, social, and governance areas. The company placed in the top 12% of the packaging and containers industry, confirming its leading role in the field.

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In the fiscal year 2024, AMCR's joint venture has total sales of about $190 million and an adjusted EBIT of around $19 million.

ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a leading company in creating sustainable packaging solutions, announced that it has sold its 50% stake in Bericap North America (BCNA) for $122 million on December 27, using the money to pay down debt. In fiscal 2024, the joint venture generated around $190 million in total sales and had an adjusted EBIT of about $19 million, both of which were fully included in Amcor's Rigid Packaging division.

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