Zacks: Brokerages Anticipate Bemis Company, Inc. (BMS) Will Post Quarterly Sales of $980.94 Million

Analysts expect that Bemis Company, Inc. (NYSE:BMS) will post $980.94 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Bemis’ earnings, with the lowest sales estimate coming in at $936.30 million and the highest estimate coming in at $998.35 million. Bemis reported sales of $1.00 billion in the same quarter last year, which would suggest a negative year over year growth rate of 1.9%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Bemis will report full-year sales of $4.07 billion for the current year, with estimates ranging from $4.02 billion to $4.09 billion. For the next year, analysts anticipate that the firm will report sales of $4.08 billion, with estimates ranging from $4.03 billion to $4.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Bemis.

Bemis (NYSE:BMS) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Bemis had a return on equity of 20.61% and a net margin of 2.72%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion.

A number of research firms have recently commented on BMS. Barclays cut their price objective on Bemis from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, October 29th. Jefferies Financial Group restated a “hold” rating and issued a $54.00 price objective on shares of Bemis in a report on Tuesday, August 7th. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Robert W. Baird restated a “hold” rating and issued a $57.00 price objective (up from $48.00) on shares of Bemis in a report on Monday, August 6th. Finally, UBS Group downgraded Bemis from a “buy” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $49.50.

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Bemis in the third quarter valued at about $130,000. Cerebellum GP LLC acquired a new stake in shares of Bemis in the third quarter valued at about $187,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Bemis in the third quarter valued at about $209,000. Private Trust Co. NA acquired a new stake in shares of Bemis in the third quarter valued at about $209,000. Finally, First Interstate Bank grew its stake in shares of Bemis by 50.7% in the second quarter. First Interstate Bank now owns 4,386 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,476 shares in the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Shares of Bemis stock traded down $0.10 during trading hours on Friday, reaching $48.13. The stock had a trading volume of 736,900 shares, compared to its average volume of 698,307. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.78 and a quick ratio of 0.90. Bemis has a 1 year low of $40.86 and a 1 year high of $53.00.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.58%. Bemis’s dividend payout ratio (DPR) is currently 51.88%.

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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