KeyCorp Equities Analysts Cut Earnings Estimates for Bemis Company, Inc. (NYSE:BMS)

Bemis Company, Inc. (NYSE:BMS) – Stock analysts at KeyCorp reduced their Q3 2017 EPS estimates for Bemis in a research report issued on Sunday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings of $0.66 per share for the quarter, down from their prior estimate 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.

Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share.

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Other analysts have also issued reports about the stock. Citigroup Inc. reiterated a “buy” rating on shares of Bemis in a research report on Friday, April 14th. UBS AG initiated coverage on shares of Bemis in a research report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price target on the stock. TheStreet lowered shares of Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. Barclays PLC increased their price target on shares of Bemis from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Finally, Zacks Investment Research upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Bemis presently has a consensus rating of “Hold” and a consensus price target of $49.44.

Bemis (BMS) opened at 42.58 on Tuesday. The stock’s 50 day moving average price is $45.82 and its 200 day moving average price is $47.21. Bemis has a one year low of $42.13 and a one year high of $53.10. The firm has a market capitalization of $3.87 billion, a PE ratio of 19.21 and a beta of 0.91.

A number of hedge funds have recently made changes to their positions in BMS. Advisory Services Network LLC bought a new position in shares of Bemis during the first quarter worth about $116,000. NEXT Financial Group Inc boosted its position in shares of Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock worth $136,000 after buying an additional 700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock worth $165,000 after buying an additional 846 shares during the last quarter. Ffcm LLC boosted its position in shares of Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock worth $182,000 after buying an additional 154 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new position in shares of Bemis during the first quarter worth about $202,000. Hedge funds and other institutional investors own 79.57% of the company’s stock.

Bemis Company Profile

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)




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