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AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:53
08/20/19
08/20
16:53
08/20/19
16:53

Amcor sees FY20 adjusted constant currency EPS growth of approximately 5%-10%

For the 2020 fiscal year, the company expects: Adjusted constant currency EPS growth of approximately 5%-10% compared with adjusted combined EPS of 58.2c per share in the 2019 fiscal year. Assuming 2019 average exchange rates, this implies a constant currency EPS range of 61c-64c per share. This guidance range is inclusive of pre-tax synergy benefits associated with the Bemis acquisition of $65M. Cash flow after dividends of between $200M-$300M, which is after deducting approximately $100M of cash integration costs. The additional guidance metrics for the 2020 fiscal year are: General corporate expenses in a range of $160M-$170M in constant currency terms; Net interest costs in a range of $230M-$250M in constant currency terms; and Adjusted effective tax rate range of 21%-23%. FY20 EPS/revenue consensus is 88c/$13.26B, repsectively.

  • 20

    Aug

AMCR Amcor
$9.99

-0.12 (-1.19%)

06/12/19
06/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cisco (CSCO) downgraded to Market Perform from Outperform at William Blair with analyst Jason Ader saying he sees "signs of tightening demand" across IT infrastructure, which he believes could pressure growth in Cisco's fiscal 2020, "especially when compared against unusually strong demand in fiscal 2019." 2. Manpower (MAN) downgraded to Neutral from Outperform at Credit Suisse. 3. Dave & Buster's (PLAY) downgraded to Hold from Buy at Gordon Haskett and SunTrust, as well as to Market Perform from Outperform at Wells Fargo. 4. Amcor (AMCR) reinstated with a Sell from Neutral at Goldman Sachs with analyst Brian Maguire saying Bemis's earnings growth "has not proven to be as resilient in recent years." 5. Beyond Meat (BYND) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard saying "valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/20/19
SBSH
06/20/19
INITIATION
Target $13
SBSH
Buy
Amcor initiated with a Buy at Citi
Citi started Amcor with a Buy rating and $13 price target.
06/20/19
SBSH
06/20/19
INITIATION
Target $13
SBSH
Buy
Citi starts Amcor with Bu rating, $13 price target
Citi analyst Anthony Pettinari initiated coverage of Amcor with a Buy rating and $13 price target. In an industry needing consolidation, the rationale of the Amcor-Bemis tie-up is to become the leader of the "haves" and pull away from the "have-nots," Pettinari tells investors in a research note. He believes Amcor is well positioned to return cash through repurchases.
06/20/19
06/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with a Hold at Deutsche Bank. 2. Corteva (CTVA) initiated with a Sector Perform at RBC Capital. 3. Amcor (AMCR) initiated with a Buy at Citi. 4. Healthcare Realty Trust (HR) initiated with a Neutral at Citi. 5. Uber (UBER) initiated with a Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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UPS

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, T

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BA

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  • 02

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GLD

SPDR Gold Shares

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VXRT

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AAPL

Apple

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IIVI

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, CPE

Callon Petroleum

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CPE

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NVR

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$3,632.55

-30.45 (-0.83%)

, JEF

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-0.19 (-0.97%)

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JEF

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NOC

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PSMT

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  • 30

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IIVI

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$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

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$4.53

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  • 23

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

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NHYDY

Norsk Hydro

$0.00

(0.00%)

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RESN

Resonant

$3.05

0.02 (0.66%)

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NINE

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ATOM

Atomera

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0.17 (4.82%)

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

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AAPL

Apple

$217.69

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IDA

IDACORP

$111.26

0.93 (0.84%)

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  • 10

    Nov

MO

Altria Group

$40.80

0.69 (1.72%)

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EADSY

Airbus

$0.00

(0.00%)

, AL

Air Lease

$42.68

-0.615 (-1.42%)

16:32
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EADSY

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$0.00

(0.00%)

AL

Air Lease

$42.68

-0.615 (-1.42%)

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  • 13

    Nov

16:30
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Options
Preliminary option volume of 23.5M today »

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PSX

Phillips 66

$103.26

0.14 (0.14%)

16:28
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  • 25

    Oct

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