Bemis Company, Inc. (NYSE:BMS) – Investment analysts at Jefferies Financial Group dropped their FY2019 earnings per share estimates for Bemis in a research report issued to clients and investors on Wednesday, October 10th. Jefferies Financial Group analyst D. Rizzo now forecasts that the industrial products company will post earnings per share of $3.00 for the year, down from their prior forecast of $3.05. Jefferies Financial Group has a “Hold” rating and a $54.00 price objective on the stock.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Royal Bank of Canada upgraded shares of Bemis from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock 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 target price on the stock. in a research report on Tuesday, August 7th. Robert W. Baird reiterated a “hold” rating and set a $57.00 target price (up from $48.00) on shares of Bemis in a research report on Monday, August 6th. Finally, Barclays lifted their target price on shares of Bemis from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Bemis currently has a consensus rating of “Hold” and an average target price of $50.30.
NYSE:BMS opened at $44.91 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.94 and a current ratio of 1.86. Bemis has a one year low of $40.86 and a one year high of $53.00. The company has a market cap of $4.42 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92.
Bemis (NYSE:BMS) last posted its quarterly earnings results 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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $0.48 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in BMS. First Interstate Bank raised its holdings in Bemis by 50.7% during 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. Cerebellum GP LLC bought a new position in Bemis during the 3rd quarter worth approximately $187,000. Private Trust Co. NA bought a new position in Bemis during the 3rd quarter worth approximately $209,000. Northwestern Mutual Wealth Management Co. raised its holdings in Bemis by 24.4% during 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. Finally, Dynamic Technology Lab Private Ltd bought a new position in Bemis during the 1st quarter worth approximately $240,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Bemis Company Profile
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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