Bemis Company, Inc. (NYSE:BMS) – Research analysts at KeyCorp lowered their Q3 2017 earnings estimates for shares of Bemis in a report released on Friday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings of $0.65 per share for the quarter, down from their prior estimate of $0.66. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Bemis’ Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.32 EPS and FY2018 earnings at $2.32 EPS.
Bemis (NYSE:BMS) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). Bemis had a return on equity of 18.53% and a net margin of 5.18%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $0.67 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. WARNING: This article was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/27/keycorp-weighs-in-on-bemis-company-inc-s-q3-2017-earnings-bms.html.
Several other research analysts also recently weighed in on the company. Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a research note on Monday. Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $46.00 to $51.00 in a research note on Friday, September 15th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $47.00 target price (down from $49.00) on shares of Bemis in a research note on Thursday, September 14th. Robert W. Baird reiterated a “hold” rating and issued a $48.00 target price on shares of Bemis in a research note on Friday, September 1st. Finally, Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a research note on Thursday, August 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Bemis presently has an average rating of “Hold” and a consensus target price of $48.80.
Shares of Bemis (NYSE BMS) opened at 46.17 on Monday. The firm has a market cap of $4.19 billion, a P/E ratio of 20.83 and a beta of 0.90. Bemis has a 12-month low of $40.60 and a 12-month high of $51.98. The company’s 50 day moving average price is $45.88 and its 200-day moving average price is $45.46.
Institutional investors and hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC lifted its holdings in shares of Bemis by 0.7% in the 2nd quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock valued at $211,000 after buying an additional 5 shares during the period. NEXT Financial Group Inc lifted its holdings in shares of Bemis by 31.3% in the 2nd quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after buying an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bemis by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock valued at $165,000 after buying an additional 201 shares during the period. Ffcm LLC lifted its holdings in shares of Bemis by 6.4% in the 2nd quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock valued at $183,000 after buying an additional 238 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in shares of Bemis in the 2nd quarter valued at approximately $194,000. 75.65% of the stock is owned by institutional investors and hedge funds.
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.
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