Bemis Company, Inc. (BMS) Expected to Announce Quarterly Sales of $980.94 Million

Wall Street analysts forecast that Bemis Company, Inc. (NYSE:BMS) will post sales of $980.94 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Bemis’ earnings. The lowest sales estimate is $936.30 million and the highest is $998.35 million. Bemis posted sales of $1.00 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.9%. The company is scheduled to report its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that Bemis will report full-year sales of $4.07 billion for the current financial year, with estimates ranging from $4.02 billion to $4.09 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.08 billion, with estimates ranging from $4.03 billion to $4.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Bemis.

Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Bemis had a net margin of 2.72% and a return on equity of 20.61%.

BMS has been the topic of several recent analyst reports. UBS Group set a $49.00 price objective on shares of Bemis and gave the company a “hold” rating in a report on Friday, October 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of Bemis in a report on Tuesday, August 7th. Robert W. Baird reaffirmed a “hold” rating and set a $57.00 price objective (up from $48.00) on shares of Bemis in a report on Monday, August 6th. Barclays decreased their price objective on shares of Bemis from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, October 29th. Finally, Royal Bank of Canada raised shares of Bemis from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $44.00 to $46.00 in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.50.

BMS traded up $0.58 during midday trading on Friday, hitting $48.76. 883,012 shares of the company traded hands, compared to its average volume of 491,839. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 1.21. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.38 and a beta of 0.92. Bemis has a 52-week low of $40.86 and a 52-week high of $53.00.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Wednesday, November 14th. Bemis’s dividend payout ratio (DPR) is 51.88%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Bemis in the third quarter valued at about $130,000. Cerebellum GP LLC acquired a new stake in shares of Bemis in the third quarter valued at about $187,000. Private Trust Co. NA acquired a new stake in shares of Bemis in the third quarter valued at about $209,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Bemis in the third quarter valued at about $209,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Bemis in the third quarter valued at about $217,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Bemis Company Profile

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 plastic, thermoformed plastic, and folding carton packaging products.

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