Bemis Company, Inc. (NYSE:BMS) – KeyCorp decreased their Q4 2017 earnings per share (EPS) estimates for Bemis in a research note issued to investors on Thursday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings per share of $0.60 for the quarter, down from their prior forecast of $0.61. KeyCorp has a “Hold” rating on the stock.
A number of other equities analysts have also commented on BMS. Barclays PLC raised their target price on shares of Bemis from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research raised shares of Bemis from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 target price (down from $45.00) on shares of Bemis in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “sell” rating on shares of Bemis in a research report on Thursday, July 6th. Finally, UBS AG began coverage on shares of Bemis in a research report on Tuesday, July 25th. They set a “buy” rating and a $55.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.60.
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Bemis (BMS) traded up 0.27% on Monday, hitting $45.14. The company’s stock had a trading volume of 185,977 shares. Bemis has a 12 month low of $40.60 and a 12 month high of $51.98. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 20.36 and a beta of 0.90. The firm has a 50 day moving average of $46.49 and a 200 day moving average of $45.29.
Bemis (NYSE:BMS) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of BMS. OppenheimerFunds Inc. increased its holdings in Bemis by 17.7% during the first quarter. OppenheimerFunds Inc. now owns 20,280 shares of the industrial products company’s stock valued at $991,000 after buying an additional 3,056 shares during the period. FMR LLC increased its holdings in Bemis by 692.5% during the first quarter. FMR LLC now owns 39,260 shares of the industrial products company’s stock valued at $1,918,000 after buying an additional 34,306 shares during the period. Teachers Advisors LLC increased its holdings in Bemis by 7.2% during the first quarter. Teachers Advisors LLC now owns 106,670 shares of the industrial products company’s stock valued at $5,212,000 after buying an additional 7,194 shares during the period. Geode Capital Management LLC increased its holdings in Bemis by 8.3% during the first quarter. Geode Capital Management LLC now owns 727,544 shares of the industrial products company’s stock valued at $35,547,000 after buying an additional 55,775 shares during the period. Finally, BlackRock Inc. increased its holdings in Bemis by 4,921.3% during 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 period. 75.88% of the stock is currently owned by institutional investors.
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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