Brokerages predict that Bemis Company, Inc. (NYSE:BMS) will post sales of $1.00 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Bemis’ earnings, with the highest sales estimate coming in at $1.05 billion and the lowest estimate coming in at $973.00 million. Bemis posted sales of $995.40 million during the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Bemis will report full-year sales of $1.00 billion for the current year, with estimates ranging from $3.96 billion to $4.13 billion. For the next year, analysts forecast that the firm will post sales of $4.10 billion per share, with estimates ranging from $3.96 billion to $4.20 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Bemis.
Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $978.34 million. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis.
Several research firms recently issued reports on BMS. TheStreet lowered Bemis from a “b-” rating to a “c” rating in a research note on Thursday, February 1st. Bank of America increased their target price on Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a research note on Friday, February 2nd. Credit Suisse Group increased their target price on Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. SunTrust Banks reissued a “hold” rating and set a $46.00 target price on shares of Bemis in a research note on Wednesday, January 31st. Finally, Zacks Investment Research lowered Bemis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Bemis presently has an average rating of “Hold” and a consensus price target of $48.40.
A number of large investors have recently added to or reduced their stakes in BMS. Crossmark Global Holdings Inc. purchased a new position in Bemis during the 3rd quarter worth approximately $512,000. Canada Pension Plan Investment Board acquired a new stake in Bemis during the 3rd quarter worth approximately $2,853,000. Candriam Luxembourg S.C.A. acquired a new stake in Bemis during the 3rd quarter worth approximately $1,489,000. Bank of New York Mellon Corp lifted its position in Bemis by 5.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,249,152 shares of the industrial products company’s stock worth $56,923,000 after acquiring an additional 65,782 shares during the period. Finally, Comerica Bank lifted its position in Bemis by 1.0% during the 3rd quarter. Comerica Bank now owns 182,592 shares of the industrial products company’s stock worth $8,206,000 after acquiring an additional 1,801 shares during the period. Hedge funds and other institutional investors own 77.47% of the company’s stock.
Bemis (BMS) traded down $0.34 on Friday, reaching $44.36. The company had a trading volume of 778,424 shares, compared to its average volume of 596,047. Bemis has a 1 year low of $40.60 and a 1 year high of $50.47. The company has a current ratio of 1.86, a quick ratio of 0.93 and a debt-to-equity ratio of 1.28. The firm has a market cap of $4,092.08, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 2.29 and a beta of 0.88.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.71%. Bemis’s dividend payout ratio is presently 121.57%.
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 & Ratings for Bemis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis and related companies with MarketBeat.com's FREE daily email newsletter.