Brokerages Anticipate Bemis Company, Inc. (BMS) Will Post Earnings of $0.63 Per Share

Equities research analysts forecast that Bemis Company, Inc. (NYSE:BMS) will post earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Bemis’ earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.57. Bemis posted earnings per share of $0.48 in the same quarter last year, which would suggest a positive year over year growth rate of 31.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, July 26th.

According to Zacks, 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 financial year, analysts forecast that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.81 to $3.15. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Bemis.

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Bemis (NYSE:BMS) last released 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. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. Bemis had a return on equity of 17.91% and a net margin of 2.22%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Bemis from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, April 5th. Citigroup lowered their target price on Bemis from $49.00 to $46.00 and set a “neutral” rating for the company 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 Bemis from a “c” rating to a “b-” rating in a research note on Thursday, April 26th. Finally, Bank of America upgraded Bemis from an “underperform” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Monday, April 2nd. Four 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.67.

Shares of Bemis traded down $0.11, reaching $42.25, on Tuesday, according to Marketbeat Ratings. The stock had a trading volume of 431,100 shares, compared to its average volume of 602,709. The stock has a market cap of $3.84 billion, a PE ratio of 17.68, a PEG ratio of 2.16 and a beta of 0.85. The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 1.25. Bemis has a 12-month low of $40.60 and a 12-month high of $49.84.

A number of large investors have recently made changes to their positions in BMS. Hsbc Holdings PLC increased its holdings in shares of Bemis by 1.4% in the 1st quarter. Hsbc Holdings PLC now owns 89,950 shares of the industrial products company’s stock worth $3,914,000 after purchasing an additional 1,268 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Bemis by 2.0% in the 1st quarter. Whittier Trust Co. now owns 65,696 shares of the industrial products company’s stock worth $2,859,000 after purchasing an additional 1,316 shares in the last quarter. Flinton Capital Management LLC increased its holdings in shares of Bemis by 1.0% in the 4th quarter. Flinton Capital Management LLC now owns 139,162 shares of the industrial products company’s stock worth $6,651,000 after purchasing an additional 1,326 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Bemis by 9.1% in the 1st quarter. LPL Financial LLC now owns 21,371 shares of the industrial products company’s stock worth $930,000 after purchasing an additional 1,786 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Bemis by 1.1% in the 4th quarter. American International Group Inc. now owns 187,895 shares of the industrial products company’s stock worth $8,980,000 after purchasing an additional 2,127 shares in the last quarter. Institutional investors and hedge funds 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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