$1.03 Billion in Sales Expected for Bemis Company, Inc. (BMS) This Quarter


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.


About Bemis

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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