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.
COPYRIGHT VIOLATION WARNING: This piece was published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://transcriptdaily.com/2017/08/02/keycorp-equities-analysts-cut-earnings-estimates-for-bemis-company-inc-nysebms.html.
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.
Receive News & Ratings for Bemis Company Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bemis Company Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.