Wall Street brokerages predict that Bemis Company, Inc. (NYSE:BMS) will announce sales of $1.02 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bemis’ earnings, with estimates ranging from $1.01 billion to $1.03 billion. Bemis posted sales of $1.04 billion in the same quarter last year, which suggests a negative year over year growth rate of 1.9%. The business is expected to announce its next earnings results before the market opens on Thursday, October 25th.
According to Zacks, analysts expect that Bemis will report full year sales of $4.08 billion for the current fiscal year, with estimates ranging from $4.04 billion to $4.11 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $4.10 billion, with estimates ranging from $4.07 billion to $4.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Bemis.
Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Bemis had a net margin of 2.66% and a return on equity of 19.70%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.
BMS has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of Bemis in a research report on Tuesday, August 7th. Robert W. Baird reaffirmed a “hold” rating and set a $57.00 price objective (up previously from $48.00) on shares of Bemis in a research report on Monday, August 6th. Royal Bank of Canada raised shares of Bemis from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $44.00 to $46.00 in a research report on Wednesday, August 15th. UBS Group downgraded shares of Bemis from a “buy” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research report on Tuesday, August 7th. Finally, ValuEngine raised shares of Bemis from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.30.
A number of hedge funds and other institutional investors have recently bought and sold shares of BMS. First Interstate Bank grew its position in Bemis by 50.7% in the 2nd quarter. First Interstate Bank now owns 4,386 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,476 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Bemis by 24.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 1,075 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Bemis in the 1st quarter worth about $240,000. Raymond James & Associates bought a new position in Bemis in the 2nd quarter worth about $247,000. Finally, Koch Industries Inc. bought a new position in Bemis in the 1st quarter worth about $249,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Shares of NYSE:BMS opened at $46.06 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.86 and a debt-to-equity ratio of 1.29. Bemis has a fifty-two week low of $40.86 and a fifty-two week high of $53.00. The stock has a market cap of $4.42 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92.
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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