Wall Street analysts expect Bemis Company, Inc. (NYSE:BMS) to report $1.00 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Bemis’ earnings. The lowest sales estimate is $997.00 million and the highest is $1.00 billion. Bemis posted sales of $1.03 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is expected to report its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Bemis will report full year sales of $4.10 billion for the current year, with estimates ranging from $4.03 billion to $4.15 billion. For the next year, analysts forecast that the firm will report sales of $4.16 billion, with estimates ranging from $4.08 billion to $4.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Bemis.
Bemis (NYSE:BMS) last posted its 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 analyst estimates of $980.04 million.
A number of research firms have recently commented on BMS. Zacks Investment Research lowered shares of Bemis from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Barclays reaffirmed a “buy” rating on shares of Bemis in a research note on Tuesday, January 29th. Citigroup upped their price objective 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. ValuEngine raised shares of Bemis from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, BMO Capital Markets lowered shares of Bemis from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 7th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.71.
Institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its holdings in Bemis by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 24,400 shares of the industrial products company’s stock worth $1,354,000 after buying an additional 200 shares during the last quarter. W.E. Donoghue & Co. LLC acquired a new position in Bemis during the first quarter worth $1,044,000. Mercer Global Advisors Inc. ADV acquired a new position in Bemis during the first quarter worth $214,000. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Bemis during the first quarter worth $228,000. Finally, Country Club Trust Company n.a. raised its holdings in Bemis by 0.7% during the first quarter. Country Club Trust Company n.a. now owns 124,573 shares of the industrial products company’s stock worth $6,911,000 after buying an additional 818 shares during the last quarter. Institutional investors own 73.28% of the company’s stock.
Shares of NYSE:BMS traded down $0.51 during trading on Friday, reaching $56.42. The stock had a trading volume of 2,240 shares, compared to its average volume of 793,827. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.88 and a current ratio of 1.76. Bemis has a 52 week low of $40.86 and a 52 week high of $56.97. The firm has a market cap of $5.12 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.56 and a beta of 0.90.
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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