Zacks: Brokerages Expect Bemis Company, Inc. (BMS) to Post $0.66 Earnings Per Share
Analysts expect Bemis Company, Inc. (NYSE:BMS) to post earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Bemis’ earnings. The highest EPS estimate is $0.74 and the lowest is $0.59. Bemis posted earnings of $0.75 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 12%. The firm is expected to announce its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that Bemis will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.40. For the next fiscal year, analysts forecast that the business will post earnings of $2.67 per share, with EPS estimates ranging from $2.35 to $2.84. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Bemis.
Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.08. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $0.67 EPS. The company’s revenue was down .9% compared to the same quarter last year.
BMS has been the topic of several analyst reports. Citigroup Inc. reiterated a “buy” rating on shares of Bemis in a research note on Friday, April 14th. Zacks Investment Research upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. Credit Suisse Group reiterated a “hold” rating and set a $48.00 price target on shares of Bemis in a research note on Friday, April 28th. SunTrust Banks, Inc. cut shares of Bemis from a “buy” rating to a “hold” rating and dropped their price target for the stock from $55.00 to $49.00 in a research note on Friday, April 28th. Finally, Barclays PLC lifted their price target on shares of Bemis from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Bemis presently has an average rating of “Hold” and an average target price of $49.44.
Shares of Bemis (NYSE BMS) traded up 0.36% during midday trading on Friday, reaching $41.73. 592,769 shares of the company’s stock were exchanged. Bemis has a one year low of $41.20 and a one year high of $53.10. The firm has a 50 day moving average of $45.19 and a 200-day moving average of $46.89. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 18.82 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. Bemis’s payout ratio is 54.30%.
Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Bemis during the first quarter valued at approximately $116,000. NEXT Financial Group Inc increased its stake in shares of Bemis by 31.3% in the second 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock valued at $165,000 after buying an additional 846 shares during the last quarter. Ffcm LLC increased its stake in shares of Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Bemis during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Bemis Company Profile
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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