Equities analysts predict that Bemis Company, Inc. (NYSE:BMS) will post $1.03 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Bemis’ earnings, with estimates ranging from $1.01 billion to $1.03 billion. Bemis posted sales of $1.01 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The firm is scheduled to announce its next earnings results on Thursday, July 26th.
On average, analysts expect that Bemis will report full-year sales of $4.08 billion for the current year, with estimates ranging from $4.07 billion to $4.11 billion. For the next year, analysts forecast that the firm will report sales of $4.11 billion per share, with estimates ranging from $4.07 billion to $4.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Bemis.
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Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Bemis had a return on equity of 17.91% and a net margin of 2.22%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share.
Several research analysts have issued reports on the company. TheStreet lowered Bemis from a “b-” rating to a “c” rating in a report on Tuesday, May 29th. 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 on the stock. ValuEngine downgraded Bemis from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. KeyCorp reissued a “hold” rating on shares of Bemis in a research note on Thursday, April 26th. Finally, Zacks Investment Research downgraded Bemis from a “buy” rating to a “hold” rating in a research note on Monday, April 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $49.00.
Bemis traded up $0.24, hitting $42.93, on Monday, Marketbeat reports. The stock had a trading volume of 518,100 shares, compared to its average volume of 590,439. The firm has a market cap of $3.92 billion, a P/E ratio of 17.99, a PEG ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.96 and a current ratio of 1.88. Bemis has a 52 week low of $40.60 and a 52 week high of $49.84.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Thursday, May 17th were paid a $0.31 dividend. The ex-dividend date was Wednesday, May 16th. This is an increase from Bemis’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. Bemis’s dividend payout ratio is 51.88%.
Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Bemis by 28.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 1,118 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Bemis by 1.4% during the first quarter. Hsbc Holdings PLC now owns 89,950 shares of the industrial products company’s stock valued at $3,914,000 after acquiring an additional 1,268 shares during the last quarter. Whittier Trust Co. increased its position in shares of Bemis by 2.0% during the first quarter. Whittier Trust Co. now owns 65,696 shares of the industrial products company’s stock valued at $2,859,000 after acquiring an additional 1,316 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Bemis by 1.0% during the fourth quarter. Flinton Capital Management LLC now owns 139,162 shares of the industrial products company’s stock valued at $6,651,000 after acquiring an additional 1,326 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Bemis by 9.1% during the first quarter. LPL Financial LLC now owns 21,371 shares of the industrial products company’s stock valued at $930,000 after acquiring an additional 1,786 shares during the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.
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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