Brokerages Anticipate Bemis Company, Inc. (BMS) to Announce $0.66 EPS

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.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Bemis from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. BMO Capital Markets lowered shares of Bemis from an “outperform” rating to a “market perform” rating in a research report on Sunday, April 7th. ValuEngine raised shares of Bemis from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Barclays reaffirmed a “buy” rating on shares of Bemis in a research report on Tuesday, January 29th. Finally, Citigroup boosted their target price on shares of Bemis from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, January 7th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.71.

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.

About Bemis

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.

Recommended Story: What is the Current Ratio?

Get a free copy of the Zacks research report on Bemis (BMS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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