Bemis Company, Inc. (BMS) Expected to Post Earnings of $0.64 Per Share
Equities analysts expect Bemis Company, Inc. (NYSE:BMS) to report $0.64 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Bemis’ earnings. The highest EPS estimate is $0.66 and the lowest is $0.60. Bemis reported earnings per share of $0.75 during the same quarter last year, which indicates a negative year-over-year growth rate of 14.7%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 26th.
According to Zacks, analysts expect that Bemis will report full-year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $2.32 to $2.40. For the next fiscal year, analysts forecast that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.32 to $2.80. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Bemis.
Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.08). Bemis had a return on equity of 18.53% and a net margin of 5.18%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue was down .9% on a year-over-year basis.
A number of equities analysts recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Bemis in a report on Tuesday. Zacks Investment Research raised Bemis from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price objective (down from $45.00) on shares of Bemis in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “sell” rating on shares of Bemis in a research note on Thursday, July 6th. Finally, UBS AG began coverage on Bemis in a research note on Tuesday, July 25th. They set a “buy” rating and a $55.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.80.
A number of large investors have recently added to or reduced their stakes in BMS. BlackRock Inc. boosted its position in Bemis by 4,921.3% during the 1st quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after purchasing an additional 8,434,484 shares during the period. Marshall Wace North America L.P. raised its stake in Bemis by 1,361.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock valued at $30,682,000 after acquiring an additional 621,350 shares in the last quarter. Vanguard Group Inc. raised its stake in Bemis by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after acquiring an additional 445,901 shares in the last quarter. PGGM Investments raised its stake in Bemis by 169.4% during the 3rd quarter. PGGM Investments now owns 366,664 shares of the industrial products company’s stock valued at $16,709,000 after acquiring an additional 230,554 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in Bemis by 63.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 552,534 shares of the industrial products company’s stock valued at $25,555,000 after acquiring an additional 214,801 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.
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Shares of Bemis (NYSE:BMS) opened at 46.32 on Wednesday. The company has a market capitalization of $4.21 billion, a PE ratio of 20.89 and a beta of 0.90. The stock has a 50 day moving average of $46.53 and a 200-day moving average of $45.36. Bemis has a 12-month low of $40.60 and a 12-month high of $51.98.
Bemis Company Profile
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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