Zacks: Brokerages Expect Bemis Company, Inc. (NYSE:BMS) Will Announce Earnings of $0.66 Per Share
Equities research analysts predict that Bemis Company, Inc. (NYSE:BMS) will announce earnings per share (EPS) of $0.66 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Bemis’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.74. Bemis posted earnings per share of $0.75 during the same quarter last year, which suggests a negative year-over-year growth rate of 12%. The firm is expected to issue its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Bemis will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.40. For the next year, analysts anticipate that the firm will report earnings of $2.67 per share, with EPS estimates ranging from $2.35 to $2.84. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Bemis.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.08. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year.
BMS has been the subject of a number of recent analyst reports. Citigroup Inc. reiterated a “buy” rating on shares of Bemis in a research report on Friday, April 14th. Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Credit Suisse Group reiterated a “hold” rating and issued a $48.00 price target on shares of Bemis in a research report on Friday, April 28th. SunTrust Banks, Inc. lowered Bemis from a “buy” rating to a “hold” rating and decreased their price target for the company from $55.00 to $49.00 in a research report on Friday, April 28th. Finally, Barclays PLC increased their price target on Bemis from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.44.
Shares of Bemis (NYSE BMS) traded up 0.36% on Friday, reaching $41.73. 592,769 shares of the company traded hands. The firm has a 50-day moving average of $45.19 and a 200-day moving average of $46.89. Bemis has a 52-week low of $41.20 and a 52-week high of $53.10. The company has a market capitalization of $3.79 billion, a PE ratio of 18.82 and a beta of 0.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.88%. Bemis’s payout ratio is presently 54.30%.
A number of large investors have recently made changes to their positions in the company. Prudential Financial Inc. raised its stake in shares of Bemis by 6.3% in the first quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 4,540 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Bemis by 14.0% in the first quarter. Pacer Advisors Inc. now owns 11,842 shares of the industrial products company’s stock worth $579,000 after buying an additional 1,450 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Bemis by 35.1% in the first quarter. ProShare Advisors LLC now owns 184,802 shares of the industrial products company’s stock worth $9,029,000 after buying an additional 47,997 shares during the last quarter. Dean Investment Associates LLC raised its stake in shares of Bemis by 31.4% in the first quarter. Dean Investment Associates LLC now owns 14,507 shares of the industrial products company’s stock worth $709,000 after buying an additional 3,469 shares during the last quarter. Finally, Burney Co. acquired a new stake in shares of Bemis during the first quarter worth approximately $213,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
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.
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