Since August 25 last year when global packaging giant Amcor Limited (ASX: AMC) released its full year results, Amcor’s share price has gained 2.4%.

That’s a respectable performance considering the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has declined by 2.4% over the same time period.

Despite the relative outperformance, shareholders are no doubt disappointed that the share price isn’t trading even higher however they have been compensated to some degree by a trailing unfranked dividend yield of 4% (based on the current share price of $12.80).

At the time of Amcor’s full year results management provided the following comments regarding the outlook for the 2016 financial year (FY16):

“Outlook for the Flexibles business is for modest constant currency earnings growth, with a challenging first half comparative period”, and, “the outlook for the Rigid Plastics business is for solid growth in earnings.”

Then at the group’s Annual General Meeting in October 2015, the Managing Director made the following comment:

“For the business groups, the key message this morning is that the performance in the first quarter is consistent with the expectations we outlined in August and there are no changes to the outlook statements. The company has had a good start to the year and we remain confident of delivering increased earnings in the 2016 financial year, in constant currency terms.”

While Amcor has chosen not to provide specific guidance figures, analysts have of course drawn their own conclusions and forecast their own expectations. Based on consensus data provided by Morningstar, Amcor is expected to report earnings per share of 78.1 cents for the full year which implies a price-to-earnings ratio of around 16 times.

With Amcor scheduled to report its interim results on February 17, the market will be looking for further confirmation that FY16 consensus estimates remain achievable.

BRAND NEW! Our Top Dividend Stock for 2016

Our resident dividend expert names his Top Dividend Share for 2016. Not only are the shares dirt cheap, the company is trading on a 5.6% fully franked dividend yield. Simply click here to gain access to this comprehensive FREE investment report, including the name of this fast growing ASX dividend share. No credit card required!

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Tim McArthur has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.