Bemis Company, Inc. (NYSE:BMS) – Equities researchers at KeyCorp lowered their Q3 2017 earnings per share (EPS) estimates for shares of Bemis in a research report issued on Sunday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will earn $0.66 per share for the quarter, down from their prior forecast of $0.74. KeyCorp also issued estimates for Bemis’ Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $2.35 EPS and FY2018 earnings at $2.35 EPS.
Several other equities analysts have also recently issued reports on the company. TheStreet cut Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. UBS AG initiated coverage on Bemis in a report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price target on the stock. BidaskClub cut Bemis from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price target (up previously from $40.00) on shares of Bemis in a report on Friday, July 14th. Finally, Royal Bank Of Canada restated a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Bemis has a consensus rating of “Hold” and an average target price of $49.56.
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Shares of Bemis (NYSE BMS) opened at 42.37 on Tuesday. Bemis has a one year low of $42.19 and a one year high of $53.10. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.11 and a beta of 0.91. The firm has a 50-day moving average price of $45.91 and a 200 day moving average price of $47.26.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by $0.08. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in BMS. GSA Capital Partners LLP purchased a new stake in Bemis during the fourth quarter worth $216,000. Quadrature Capital Ltd bought a new stake in Bemis during the fourth quarter worth about $390,000. Creative Planning raised its stake in Bemis by 1.0% in the first quarter. Creative Planning now owns 12,488 shares of the industrial products company’s stock worth $610,000 after buying an additional 122 shares during the last quarter. Country Club Trust Company n.a. raised its stake in Bemis by 1.1% in the first quarter. Country Club Trust Company n.a. now owns 134,510 shares of the industrial products company’s stock worth $6,572,000 after buying an additional 1,485 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in Bemis during the first quarter worth about $202,000. Institutional investors and hedge funds own 79.57% of the company’s stock.
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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