Bemis Company, Inc. (NYSE:BMS) declared a quarterly dividend on Thursday, August 3rd, RTT News reports. Investors of record on Thursday, August 17th will be paid a dividend of 0.30 per share by the industrial products company on Friday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, August 15th.
Bemis has increased its dividend by an average of 3.7% annually over the last three years and has raised its dividend annually for the last 33 consecutive years. Bemis has a payout ratio of 50.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bemis to earn $2.67 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 44.9%.
Bemis (NYSE BMS) opened at 42.04 on Thursday. Bemis has a 52 week low of $41.78 and a 52 week high of $53.10. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 18.96 and a beta of 0.90. The company’s 50-day moving average price is $45.29 and its 200-day moving average price is $46.93.
Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.08. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts forecast that Bemis will post $2.37 earnings per share for the current fiscal year.
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Several research firms recently issued reports on BMS. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 price objective (down from $45.00) on shares of Bemis in a report on Tuesday, August 1st. TheStreet cut Bemis from a “b” rating to a “c+” rating in a report on Thursday, July 27th. UBS AG began coverage on Bemis in a report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price objective on the stock. BidaskClub cut Bemis from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.44.
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.
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