Brokerages Anticipate Bemis Company, Inc. (NYSE:BMS) Will Announce Earnings of $0.57 Per Share

Equities analysts forecast that Bemis Company, Inc. (NYSE:BMS) will announce earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Bemis’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.61. Bemis posted earnings of $0.67 per share during the same quarter last year, which indicates a negative year over year growth rate of 14.9%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that Bemis will report full year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.60. For the next year, analysts anticipate that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.68 to $2.95. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Bemis.

Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.65 by $0.07. Bemis had a return on equity of 19.95% and a net margin of 5.73%. The business had revenue of $995.40 million for the quarter, compared to analyst estimates of $996.21 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.

A number of brokerages recently issued reports on BMS. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Bemis in a report on Friday, July 14th. Credit Suisse Group reiterated a “hold” rating and issued a $48.00 price objective on shares of Bemis in a report on Friday, April 28th. Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. Citigroup Inc. reiterated a “buy” rating on shares of Bemis in a report on Friday, April 14th. Finally, BidaskClub upgraded shares of Bemis from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $46.56.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Bemis by 4,921.3% in the first quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after buying an additional 8,434,484 shares during the last quarter. American Century Companies Inc. raised its position in Bemis by 41.6% in the first quarter. American Century Companies Inc. now owns 6,165,677 shares of the industrial products company’s stock valued at $301,255,000 after buying an additional 1,811,549 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in Bemis during the first quarter valued at about $34,340,000. BTIM Corp. raised its position in Bemis by 672.9% in the first quarter. BTIM Corp. now owns 562,126 shares of the industrial products company’s stock valued at $27,466,000 after buying an additional 489,400 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Bemis by 5.6% in the first quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after buying an additional 445,901 shares during the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.

Shares of Bemis (NYSE:BMS) traded down 0.78% during midday trading on Monday, hitting $45.76. 337,421 shares of the stock traded hands. The firm’s 50-day moving average is $45.87 and its 200 day moving average is $47.51. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 18.74 and a beta of 0.91. Bemis has a 52 week low of $43.13 and a 52 week high of $53.10.

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About Bemis

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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