Zacks: Analysts Expect Bemis Company, Inc. (BMS) to Post $0.66 Earnings Per Share

Wall Street brokerages expect that Bemis Company, Inc. (NYSE:BMS) will report $0.66 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Bemis’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.72. Bemis reported earnings of $0.63 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The business is scheduled to report its next earnings results on Thursday, April 25th.

According to Zacks, analysts expect that Bemis will report full-year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.05. For the next financial year, analysts forecast that the company will report earnings of $3.11 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Bemis.

Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.71. Bemis had a net margin of 5.27% and a return on equity of 21.20%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $980.04 million.

Several brokerages have recently commented on BMS. Citigroup boosted their target price on shares of Bemis from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, January 7th. Barclays restated a “buy” rating on shares of Bemis in a research note on Tuesday, January 29th. Finally, ValuEngine upgraded shares of Bemis from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $50.75.

BMS traded up $0.52 during trading on Tuesday, reaching $54.85. 894,356 shares of the company’s stock were exchanged, compared to its average volume of 597,387. Bemis has a fifty-two week low of $40.86 and a fifty-two week high of $54.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.76 and a quick ratio of 0.88. The company has a market capitalization of $4.95 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.48 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 20th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Tuesday, February 19th. This is an increase from Bemis’s previous quarterly dividend of $0.31. Bemis’s payout ratio is currently 45.88%.

Several large investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in Bemis during the 4th quarter worth about $27,000. Oregon Public Employees Retirement Fund lifted its position in Bemis by 4,490.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,646,158 shares of the industrial products company’s stock worth $36,000 after buying an additional 1,610,294 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in Bemis during the 4th quarter worth about $36,000. Nisa Investment Advisors LLC lifted its position in Bemis by 29.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,380 shares of the industrial products company’s stock worth $201,000 after buying an additional 1,000 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new position in Bemis during the 4th quarter worth about $208,000. Institutional investors own 73.31% of the company’s stock.

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 and thermoformed plastic packaging products.

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