Bemis Co. Inc. (BMS) Updates Q4 Earnings Guidance
Bemis Co. Inc. (NYSE:BMS) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.50-0.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.60, AR Network reports.
BMS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Bemis Co. in a research note to investors on Tuesday, October 8th. They now have a $40.00 price target on the stock. On a related note, analysts at Bank of America Corp. downgraded shares of Bemis Co. from a buy rating to an underperform rating in a research note to investors on Friday, August 16th. They now have a $44.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Merrill Lynch downgraded shares of Bemis Co. from a buy rating to an underperform rating in a research note to investors on Friday, August 16th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company currently has an average rating of Hold and an average target price of $40.86.
Bemis Co. Inc. (NYSE:BMS) traded down 1.55% during mid-day trading on Thursday, hitting $38.79. 151,458 shares of the company’s stock traded hands. Bemis Co. Inc. has a 52 week low of $30.84 and a 52 week high of $42.34. The stock’s 50-day moving average is $40.84 and its 200-day moving average is $39.92. The company has a market cap of $3.992 billion and a price-to-earnings ratio of 21.65.
Bemis Co. (NYSE:BMS) last announced its earnings results on Thursday, October 24th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.01. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Bemis Co. Inc. will post $2.35 EPS for the current fiscal year.
Bemis Company, Inc, is a manufacturer of packaging products and pressure sensitive materials. The Company’s business activities are organized around its three reportable business segments, U.
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