Amcor (AMCR) Reaffirms FY24 Guidance Amid CEO Transition
AMCRAmcor(AMCR) Zacks Investment Research·2024-03-21 01:06

Amcor Plc (AMCR) reaffirmed its guidance for fiscal 2024 and announced its CEO transition. For the fiscal year ending on Jun 30, 2024, the company expects its adjusted EPS to be 67-71 cents. The mid- point of the guidance indicates a year-over-year decline of 3%. Amcor projects share repurchases to improve earnings by around 2%. Currency translation is expected to have positive impacts of 2%, assuming current rates prevail through the remainder of fiscal 2024. However, higher expected net interest and tax e ...