$0.60 EPS Expected for Bemis Company, Inc. (BMS) This Quarter

Wall Street analysts expect that Bemis Company, Inc. (NYSE:BMS) will post earnings per share of $0.60 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bemis’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.56. Bemis posted earnings of $0.58 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The company is scheduled to issue its next earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Bemis will report full year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.85. For the next financial year, analysts anticipate that the company will post earnings of $3.08 per share, with EPS estimates ranging from $2.75 to $3.20. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Bemis.

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Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Bemis had a net margin of 2.32% and a return on equity of 17.52%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $978.34 million. During the same period last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.

Several research firms have weighed in on BMS. Bank of America upgraded shares of Bemis from an “underperform” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Monday, April 2nd. Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. SunTrust Banks reiterated a “hold” rating and issued a $46.00 target price on shares of Bemis in a report on Wednesday, January 31st. Credit Suisse Group increased their target price on shares of Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Finally, Citigroup cut their target price on shares of Bemis from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, April 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Bemis has a consensus rating of “Hold” and a consensus price target of $48.08.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in shares of Bemis by 4.3% during the third quarter. Wells Fargo & Company MN now owns 157,748 shares of the industrial products company’s stock worth $7,188,000 after acquiring an additional 6,456 shares during the period. Element Capital Management LLC acquired a new stake in shares of Bemis during the fourth quarter worth $5,935,000. AXA raised its holdings in shares of Bemis by 1,038.3% during the fourth quarter. AXA now owns 368,824 shares of the industrial products company’s stock worth $17,626,000 after acquiring an additional 336,424 shares during the period. California Public Employees Retirement System raised its holdings in shares of Bemis by 5.7% during the third quarter. California Public Employees Retirement System now owns 280,716 shares of the industrial products company’s stock worth $12,792,000 after acquiring an additional 15,103 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Bemis by 41.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 575,520 shares of the industrial products company’s stock worth $27,504,000 after acquiring an additional 167,370 shares during the period. Institutional investors and hedge funds own 77.48% of the company’s stock.

Shares of BMS stock opened at $44.74 on Wednesday. Bemis has a 52-week low of $40.60 and a 52-week high of $50.47. The company has a market capitalization of $4,064.79, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84. The company has a current ratio of 1.86, a quick ratio of 0.93 and a debt-to-equity ratio of 1.28.

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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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