Bemis Company, Inc. (BMS) Expected to Announce Earnings of $0.62 Per Share

Wall Street brokerages forecast that Bemis Company, Inc. (NYSE:BMS) will announce $0.62 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Bemis’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.60. Bemis reported earnings of $0.67 per share during the same quarter last year, which suggests a negative year over year growth rate of 7.5%. The firm is expected to report its next quarterly earnings results on Thursday, January 25th.

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 $2.36 to $2.38. For the next financial year, analysts forecast that the business will post earnings of $2.67 per share, with EPS estimates ranging from $2.38 to $2.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Bemis.

Bemis (NYSE:BMS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS.

A number of equities analysts have weighed in on BMS shares. KeyCorp restated a “hold” rating on shares of Bemis in a report on Friday, October 13th. Citigroup restated a “hold” rating on shares of Bemis in a report on Thursday, August 31st. Bank of America upgraded Bemis from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $46.00 to $51.00 in a report on Friday, September 15th. Barclays upped their price target on Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, SunTrust Banks restated a “hold” rating and issued a $47.00 price target (down previously from $49.00) on shares of Bemis in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Bemis has a consensus rating of “Hold” and an average price target of $48.60.

Bemis (BMS) opened at $46.51 on Friday. The firm has a market capitalization of $4,223.34, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 2.80 and a beta of 0.96. Bemis has a fifty-two week low of $40.60 and a fifty-two week high of $51.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, November 14th. Bemis’s dividend payout ratio (DPR) is currently 57.14%.

Institutional investors have recently added to or reduced their stakes in the company. North Star Asset Management Inc. raised its position in shares of Bemis by 39.0% during the 3rd quarter. North Star Asset Management Inc. now owns 27,818 shares of the industrial products company’s stock valued at $1,359,000 after acquiring an additional 7,800 shares in the last quarter. LSV Asset Management raised its position in shares of Bemis by 5.3% during the 2nd quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock valued at $32,393,000 after acquiring an additional 35,200 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Bemis by 225.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock valued at $4,092,000 after acquiring an additional 61,278 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Bemis by 17.9% during the 2nd quarter. Federated Investors Inc. PA now owns 46,617 shares of the industrial products company’s stock valued at $2,156,000 after acquiring an additional 7,081 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its position in shares of 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. Institutional investors own 75.79% of the company’s stock.

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About Bemis

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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