Bemis Company, Inc. (NYSE:BMS) – Stock analysts at SunTrust Banks increased their FY2018 earnings per share (EPS) estimates for shares of Bemis in a research note issued to investors on Monday, Zacks Investment Research reports. SunTrust Banks analyst J. Freuchtel now forecasts that the industrial products company will post earnings per share of $2.85 for the year, up from their previous estimate of $2.77. SunTrust Banks currently has a “Hold” rating and a $46.00 target price on the stock. SunTrust Banks also issued estimates for Bemis’ Q4 2018 earnings at $0.76 EPS.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Bemis had a net margin of 2.32% and a return on equity of 17.52%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $978.34 million. During the same period last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year.
Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Bemis from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. KeyCorp restated a “hold” rating on shares of Bemis in a report on Tuesday, October 24th. Credit Suisse Group boosted their target price on shares of Bemis from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Barclays upped their price objective on shares of Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.40.
Shares of Bemis (BMS) traded up $0.17 during trading hours on Wednesday, reaching $44.02. 139,377 shares of the company were exchanged, compared to its average volume of 600,899. The company has a market capitalization of $3,967.27, a PE ratio of 42.99, a price-to-earnings-growth ratio of 2.22 and a beta of 0.86. Bemis has a fifty-two week low of $40.60 and a fifty-two week high of $50.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.86 and a quick ratio of 0.93.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Bemis’s dividend payout ratio is 117.65%.
Large investors have recently bought and sold shares of the company. North Star Asset Management Inc. raised its holdings in Bemis by 39.0% in the third quarter. North Star Asset Management Inc. now owns 27,818 shares of the industrial products company’s stock worth $1,359,000 after buying an additional 7,800 shares during the last quarter. Wells Fargo & Company MN grew its position in Bemis by 4.3% during the third quarter. Wells Fargo & Company MN now owns 157,748 shares of the industrial products company’s stock valued at $7,188,000 after buying an additional 6,456 shares during the period. Alyeska Investment Group L.P. purchased a new position in Bemis during the third quarter valued at approximately $13,671,000. LaSalle Street Capital Management LLC purchased a new position in Bemis during the third quarter valued at approximately $421,000. Finally, Nuance Investments LLC lifted its holdings in Bemis by 22.5% during the third quarter. Nuance Investments LLC now owns 158,085 shares of the industrial products company’s stock valued at $7,204,000 after purchasing an additional 29,061 shares in the last quarter. 77.32% of the stock is owned by hedge funds and other institutional investors.
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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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