Analysts expect that Bemis Company, Inc. (NYSE:BMS) will announce earnings per share (EPS) of $0.63 for the current quarter, Zacks reports. Four analysts have provided estimates for Bemis’ earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.57. Bemis reported earnings per share of $0.48 in the same quarter last year, which would indicate a positive year over year growth rate of 31.3%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, July 26th.
On average, analysts expect that Bemis will report full-year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.85. For the next fiscal year, analysts forecast that the firm will report earnings of $3.06 per share, with EPS estimates ranging from $2.81 to $3.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Bemis.
Bemis (NYSE:BMS) last posted its earnings results on Thursday, April 26th. The industrial products company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Bemis had a net margin of 2.22% and a return on equity of 17.91%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. Bemis’s revenue for the quarter was up 3.2% compared to the same quarter last year.
A number of brokerages have issued reports on BMS. Zacks Investment Research upgraded shares of Bemis from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, April 5th. Citigroup cut their price target on shares of Bemis from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, April 5th. KeyCorp restated a “hold” rating on shares of Bemis in a research note on Thursday, April 26th. TheStreet upgraded shares of Bemis from a “c” rating to a “b-” rating in a research note on Thursday, April 26th. Finally, Bank of America upgraded shares of Bemis from an “underperform” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Monday, April 2nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Bemis presently has an average rating of “Hold” and a consensus target price of $48.67.
NYSE:BMS traded up $0.29 during midday trading on Tuesday, reaching $42.21. 1,716,800 shares of the stock traded hands, compared to its average volume of 603,498. Bemis has a 12-month low of $40.60 and a 12-month high of $49.84. The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 2.14 and a beta of 0.84.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Thursday, May 17th were paid a dividend of $0.31 per share. This is a positive change from Bemis’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 2.94%. Bemis’s dividend payout ratio is presently 51.88%.
Several large investors have recently added to or reduced their stakes in BMS. American Century Companies Inc. increased its stake in shares of Bemis by 13.1% in the first quarter. American Century Companies Inc. now owns 5,816,446 shares of the industrial products company’s stock worth $253,132,000 after acquiring an additional 675,541 shares during the period. Farallon Capital Management LLC increased its stake in shares of Bemis by 837.5% in the first quarter. Farallon Capital Management LLC now owns 562,500 shares of the industrial products company’s stock worth $24,480,000 after acquiring an additional 502,500 shares during the period. AXA increased its stake in shares of Bemis by 1,038.3% in the fourth quarter. AXA now owns 368,824 shares of the industrial products company’s stock worth $17,626,000 after acquiring an additional 336,424 shares during the period. NWQ Investment Management Company LLC acquired a new stake in shares of Bemis in the fourth quarter worth $13,728,000. Finally, BlackRock Inc. increased its stake in shares of Bemis by 3.2% in the first quarter. BlackRock Inc. now owns 8,116,114 shares of the industrial products company’s stock worth $353,213,000 after acquiring an additional 251,337 shares during the period. Hedge funds and other institutional investors own 75.06% of the company’s stock.
Bemis Company Profile
Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.
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