$0.64 Earnings Per Share Expected for Bemis Company, Inc. (BMS) This Quarter

Brokerages expect Bemis Company, Inc. (NYSE:BMS) to announce earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Bemis’ earnings. The lowest EPS estimate is $0.57 and the highest is $0.70. Bemis posted earnings of $0.48 per share in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is expected to issue its next quarterly earnings report on Thursday, July 26th.

According to Zacks, analysts expect that Bemis will report full-year earnings of $2.79 per share for the current year, with EPS estimates ranging from $2.70 to $2.85. For the next fiscal year, analysts forecast that the firm will post earnings of $3.07 per share, with EPS estimates ranging from $2.81 to $3.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Bemis.

Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Bemis had a return on equity of 17.91% and a net margin of 2.22%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS.

BMS has been the topic of several recent analyst reports. TheStreet raised Bemis from a “c” rating to a “b-” rating in a research report on Thursday, April 26th. Zacks Investment Research raised Bemis from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, April 5th. Bank of America raised Bemis from an “underperform” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Monday, April 2nd. KeyCorp reaffirmed a “hold” rating on shares of Bemis in a research report on Thursday, April 26th. Finally, Jefferies Financial Group initiated coverage on Bemis in a research report on Friday, May 18th. They set a “hold” rating and a $46.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Bemis has a consensus rating of “Hold” and an average price target of $49.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Bemis during the 1st quarter worth approximately $240,000. Suntrust Banks Inc. boosted its stake in shares of Bemis by 15.8% during the 1st quarter. Suntrust Banks Inc. now owns 57,643 shares of the industrial products company’s stock worth $2,508,000 after acquiring an additional 7,877 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Bemis by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 393,747 shares of the industrial products company’s stock worth $17,136,000 after acquiring an additional 10,757 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of Bemis by 38.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,460 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 3,200 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Bemis by 14.2% during the 1st quarter. Royal Bank of Canada now owns 302,607 shares of the industrial products company’s stock worth $13,170,000 after acquiring an additional 37,515 shares during the period. Institutional investors own 75.30% of the company’s stock.

Shares of Bemis traded up $0.24, hitting $42.93, during trading on Friday, MarketBeat.com reports. 518,100 shares of the company were exchanged, compared to its average volume of 590,439. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84. Bemis has a fifty-two week low of $40.60 and a fifty-two week high of $49.84. The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 1.25.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Thursday, May 17th were paid a dividend of $0.31 per share. This is an increase from Bemis’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Wednesday, May 16th. Bemis’s payout ratio is currently 51.88%.

About Bemis

Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.

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Earnings History and Estimates for Bemis (NYSE:BMS)

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