Equities research analysts expect Bemis Company, Inc. (NYSE:BMS) to report earnings of $0.62 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Bemis’ earnings, with estimates ranging from $0.60 to $0.66. Bemis reported earnings per share of $0.67 during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.5%. The company is scheduled to report its next 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 year, with EPS estimates ranging from $2.36 to $2.38. For the next year, analysts anticipate that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.38 to $2.80. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Bemis.

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

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

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its position in Bemis by 5.5% in the third quarter. Ameritas Investment Partners Inc. now owns 39,548 shares of the industrial products company’s stock valued at $1,720,000 after acquiring an additional 2,060 shares during the last quarter. California Public Employees Retirement System grew its position in Bemis by 5.7% in the third quarter. California Public Employees Retirement System now owns 280,716 shares of the industrial products company’s stock valued at $12,792,000 after acquiring an additional 15,103 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Bemis by 262.1% in the third quarter. Cubist Systematic Strategies LLC now owns 70,801 shares of the industrial products company’s stock valued at $3,226,000 after acquiring an additional 51,247 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Bemis in the third quarter valued at about $6,118,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Bemis in the third quarter valued at about $1,324,000. 75.87% of the stock is owned by institutional investors and hedge funds.

Shares of Bemis (NYSE BMS) opened at $47.21 on Thursday. Bemis has a twelve month low of $40.60 and a twelve month high of $51.98. The stock has a market capitalization of $4,292.35, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The company has a current ratio of 1.80, a quick ratio of 0.91 and a debt-to-equity ratio of 1.20.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Tuesday, November 14th. Bemis’s dividend payout ratio (DPR) is presently 57.14%.

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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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Earnings History and Estimates for Bemis (NYSE:BMS)

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