Bemis Company, Inc. (NYSE:BMS) – Investment analysts at SunTrust Banks increased their FY2018 EPS estimates for Bemis in a research note issued to investors on Monday. SunTrust Banks analyst J. Freuchtel now expects 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 released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, beating the 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 quarter in the prior year, the firm earned $0.67 EPS. Bemis’s revenue for the quarter was up 1.6% on a year-over-year basis.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Barclays upped their price target on shares of Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Bemis in a research report on Friday, October 13th. TheStreet upgraded shares of Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, Credit Suisse Group upped their price target on shares of Bemis from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday. Four equities 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. Bemis has an average rating of “Hold” and an average target price of $48.40.

Bemis (NYSE:BMS) traded down $0.01 during mid-day trading on Wednesday, reaching $44.65. 395,632 shares of the company traded hands, compared to its average volume of 582,072. Bemis has a 1 year low of $40.60 and a 1 year high of $50.47. The stock has a market cap of $4,065.34, a P/E ratio of 43.84, a price-to-earnings-growth ratio of 2.28 and a beta of 0.86. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.93 and a current ratio of 1.86.

Institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC raised its position in Bemis by 0.7% during the 2nd quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock worth $211,000 after buying an additional 5 shares during the last quarter. MAI Capital Management purchased a new position in Bemis during the 4th quarter worth $204,000. Private Trust Co. NA purchased a new position in Bemis during the 4th quarter worth $205,000. Heartland Advisors Inc. purchased a new position in Bemis during the 3rd quarter worth $212,000. Finally, Janus Henderson Group PLC purchased a new position in Bemis during the 2nd quarter worth $222,000. Institutional investors own 76.45% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.69%. Bemis’s payout ratio is currently 117.65%.

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About Bemis

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.

Earnings History and Estimates for Bemis (NYSE:BMS)

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