Brokerages expect that Bemis Company, Inc. (NYSE:BMS) will report earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Bemis’ earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.62. Bemis posted earnings per share of $0.63 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The company is scheduled to report its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Bemis will report full year earnings of $2.99 per share for the current year, with EPS estimates ranging from $2.90 to $3.05. For the next year, analysts expect that the firm will report earnings of $3.11 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Bemis.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. Bemis had a net margin of 5.27% and a return on equity of 21.20%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $980.04 million.
BMS stock traded down $0.75 on Wednesday, reaching $55.50. 6,390 shares of the company were exchanged, compared to its average volume of 735,419. Bemis has a 12 month low of $40.86 and a 12 month high of $56.98. The firm has a market capitalization of $5.17 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90. The company has a current ratio of 1.76, a quick ratio of 0.88 and a debt-to-equity ratio of 1.11.
Hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC bought a new position in Bemis in the 3rd quarter worth about $233,000. Panagora Asset Management Inc. increased its stake in Bemis by 241.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 15,491 shares of the industrial products company’s stock worth $753,000 after acquiring an additional 10,955 shares during the last quarter. AMP Capital Investors Ltd bought a new position in Bemis in the 3rd quarter worth about $582,000. Tower Research Capital LLC TRC increased its stake in Bemis by 740.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,527 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 7,512 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Bemis by 18.4% in the 3rd quarter. Renaissance Technologies LLC now owns 481,400 shares of the industrial products company’s stock worth $23,396,000 after acquiring an additional 74,900 shares during the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.
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 and thermoformed plastic packaging products.
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