Bemis Company, Inc. (NYSE:BMS) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Tuesday, February 20th will be given a dividend of 0.30 per share by the industrial products company on Thursday, March 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, February 16th.
Bemis has increased its dividend by an average of 3.6% per year over the last three years and has raised its dividend annually for the last 34 consecutive years. Bemis has a payout ratio of 50.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bemis to earn $3.11 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.6%.
Bemis (BMS) opened at $45.46 on Thursday. Bemis has a fifty-two week low of $40.60 and a fifty-two week high of $50.47. The company has a current ratio of 1.86, a quick ratio of 0.93 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4,144.34, a price-to-earnings ratio of 19.10, a P/E/G ratio of 2.32 and a beta of 0.86.
Bemis (NYSE:BMS) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $978.34 million. Bemis had a net margin of 2.32% and a return on equity of 17.52%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. analysts forecast that Bemis will post 2.81 EPS for the current year.
A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Bemis from a “b-” rating to a “c” rating in a research report on Thursday, February 1st. Bank of America boosted their target price on shares of Bemis from $52.00 to $53.00 and gave the company an “underperform” rating in a report on Friday, February 2nd. 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. SunTrust Banks reissued a “hold” rating and issued a $46.00 price target on shares of Bemis in a research note on Wednesday, January 31st. Finally, Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $48.40.
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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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