Wall Street analysts predict that Bemis Company, Inc. (NYSE:BMS) will report sales of $1.03 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Bemis’ earnings, with the highest sales estimate coming in at $1.03 billion and the lowest estimate coming in at $1.01 billion. Bemis reported sales of $1.01 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Bemis will report full year sales of $4.08 billion for the current year, with estimates ranging from $4.07 billion to $4.11 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.11 billion per share, with estimates ranging from $4.07 billion to $4.14 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Bemis.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Bemis had a net margin of 2.22% and a return on equity of 17.91%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year.
A number of brokerages have issued reports on BMS. TheStreet downgraded shares of Bemis from a “b-” rating to a “c” rating in a research report on Thursday, February 1st. Jefferies Group initiated coverage on shares of Bemis in a research report on Friday, May 18th. They set a “hold” rating and a $46.00 target price for the company. KeyCorp reissued a “hold” rating on shares of Bemis in a research report on Thursday, April 26th. Bank of America increased their target price on shares of Bemis from $52.00 to $53.00 and gave the company an “underperform” rating in a research report on Friday, February 2nd. Finally, ValuEngine downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $49.00.
Shares of BMS stock opened at $43.45 on Thursday. Bemis has a 52-week low of $40.60 and a 52-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 stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.20 and a beta of 0.85.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, May 17th will be given 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 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Wednesday, May 16th. Bemis’s dividend payout ratio is currently 51.88%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Bemis by 3.2% in the 1st quarter. BlackRock Inc. now owns 8,116,114 shares of the industrial products company’s stock worth $353,213,000 after buying an additional 251,337 shares during the period. American Century Companies Inc. boosted its holdings in Bemis by 13.1% in the 1st quarter. American Century Companies Inc. now owns 5,816,446 shares of the industrial products company’s stock worth $253,132,000 after buying an additional 675,541 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Bemis by 93.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,315,591 shares of the industrial products company’s stock worth $62,872,000 after buying an additional 636,623 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bemis by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,312,011 shares of the industrial products company’s stock worth $57,099,000 after buying an additional 72,099 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Bemis by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,257,392 shares of the industrial products company’s stock worth $60,092,000 after buying an additional 8,240 shares during the period. 75.06% of the stock is owned by institutional investors.
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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