Wall Street brokerages predict that Bemis Company, Inc. (NYSE:BMS) will post earnings per share (EPS) of $0.78 for the current quarter, according to Zacks. Four analysts have provided estimates for Bemis’ earnings. The lowest EPS estimate is $0.73 and the highest is $0.81. Bemis reported earnings of $0.70 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Bemis will report full-year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.85. For the next year, analysts expect that the business will post earnings of $3.03 per share, with EPS estimates ranging from $2.81 to $3.10. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Bemis.

Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Bemis had a return on equity of 19.70% and a net margin of 2.66%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.

A number of equities analysts recently issued reports on BMS shares. Jefferies Financial Group started coverage on Bemis in a report on Friday, May 18th. They issued a “hold” rating and a $46.00 price target for the company. TheStreet downgraded Bemis from a “b-” rating to a “c” rating in a report on Tuesday, May 29th. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. ValuEngine raised Bemis from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Barclays upped their price target on Bemis from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.30.

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Interstate Bank lifted its stake in Bemis by 50.7% in the second quarter. First Interstate Bank now owns 4,386 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,476 shares during the last quarter. Institutional & Family Asset Management LLC purchased a new stake in Bemis in the first quarter valued at approximately $196,000. Trexquant Investment LP purchased a new stake in Bemis in the first quarter valued at approximately $230,000. Northwestern Mutual Wealth Management Co. lifted its stake in Bemis by 24.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the industrial products company’s stock valued at $231,000 after buying an additional 1,075 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Bemis in the first quarter valued at approximately $240,000. 77.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Bemis stock traded down $0.51 on Monday, reaching $49.83. 239,918 shares of the company were exchanged, compared to its average volume of 636,338. Bemis has a 1-year low of $40.86 and a 1-year high of $53.00. The company has a market cap of $4.58 billion, a PE ratio of 20.85, a P/E/G ratio of 2.57 and a beta of 0.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.94 and a current ratio of 1.86.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Thursday, August 16th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, August 15th. Bemis’s dividend payout ratio (DPR) is 51.88%.

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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Earnings History and Estimates for Bemis (NYSE:BMS)

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