Zacks: Analysts Expect Bemis Company, Inc. (BMS) to Post $0.62 EPS
Brokerages expect Bemis Company, Inc. (NYSE:BMS) to report earnings per share (EPS) of $0.62 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Bemis’ earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.66. Bemis reported earnings of $0.67 per share in the same quarter last year, which would indicate a negative year over year growth rate of 7.5%. The company is expected to issue its next quarterly earnings report 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 year, analysts forecast that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.38 to $2.80. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Bemis.
Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. Bemis’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share.
A number of research analysts have issued reports on BMS shares. KeyCorp restated a “hold” rating on shares of Bemis in a research note on Friday, October 13th. Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a research note on Thursday, August 31st. Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $46.00 to $51.00 in a research note on Friday, September 15th. Barclays PLC increased their price target on Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $47.00 price target (down previously from $49.00) on shares of Bemis in a research note on Thursday, September 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.60.
Several institutional investors have recently made changes to their positions in BMS. FMR LLC increased its position in shares of Bemis by 692.5% during the 1st quarter. FMR LLC now owns 39,260 shares of the industrial products company’s stock valued at $1,918,000 after purchasing an additional 34,306 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Bemis by 7.2% during the 1st quarter. Teachers Advisors LLC now owns 106,670 shares of the industrial products company’s stock valued at $5,212,000 after purchasing an additional 7,194 shares during the last quarter. Bank of Montreal Can increased its position in shares of Bemis by 11.2% during the 2nd quarter. Bank of Montreal Can now owns 63,891 shares of the industrial products company’s stock valued at $2,955,000 after purchasing an additional 6,447 shares during the last quarter. Creative Planning increased its position in shares of Bemis by 123.6% during the 2nd quarter. Creative Planning now owns 27,926 shares of the industrial products company’s stock valued at $1,292,000 after purchasing an additional 15,438 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Bemis by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 35,038 shares of the industrial products company’s stock valued at $1,621,000 after purchasing an additional 1,475 shares during the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.
Shares of Bemis (BMS) traded up $0.27 during trading hours on Tuesday, reaching $45.73. The company’s stock had a trading volume of 862,700 shares, compared to its average volume of 850,399. The company has a market cap of $4,128.00, a P/E ratio of 18.71, a PEG ratio of 2.74 and a beta of 0.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91. Bemis has a 52-week low of $40.60 and a 52-week high of $51.98.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. Bemis’s dividend payout ratio (DPR) is presently 57.14%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Bemis Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis Company Inc. and related stocks with our FREE daily email newsletter.