Research Analysts Offer Predictions for Bemis Company, Inc.’s Q3 2017 Earnings (NYSE:BMS)

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.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by BNB Daily and is the property of of BNB Daily. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/research-analysts-offer-predictions-for-bemis-company-inc-s-q3-2017-earnings-nysebms-updated-updated.html.

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.

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.

Earnings History and Estimates for Bemis (NYSE:BMS)

Receive News & Ratings for Bemis Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply