KeyCorp Equities Analysts Lower Earnings Estimates for Bemis Company, Inc. (BMS)
Bemis Company, Inc. (NYSE:BMS) – Stock analysts at KeyCorp reduced their Q4 2017 earnings per share estimates for shares of Bemis in a report issued 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 estimate of $0.61. KeyCorp currently has a “Hold” rating on the stock.
Several other analysts have also recently issued reports on BMS. Barclays PLC boosted their price objective on shares of Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday. Zacks Investment Research raised shares of Bemis from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Jefferies Group LLC reissued a “hold” rating and set a $44.00 price objective (down from $45.00) on shares of Bemis in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “sell” rating on shares of Bemis in a research note on Thursday, July 6th. Finally, UBS AG began coverage on shares of Bemis in a research note on Tuesday, July 25th. They set a “buy” rating and a $55.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Bemis presently has an average rating of “Hold” and an average price target of $48.60.
Bemis (BMS) traded up 0.523% on Monday, hitting $45.175. The stock had a trading volume of 79,350 shares. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 20.377 and a beta of 0.90. The company’s 50-day moving average price is $46.57 and its 200 day moving average price is $45.29. Bemis has a one year low of $40.60 and a one year high of $51.98.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share.
Institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC boosted its position in Bemis by 0.7% during the 2nd quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 5 shares during the period. NEXT Financial Group Inc boosted its position in Bemis by 31.3% during the 2nd quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bemis by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 201 shares during the period. Ffcm LLC boosted its position in Bemis by 6.4% during the 2nd quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 238 shares during the period. Finally, Acrospire Investment Management LLC purchased a new stake in Bemis during the 2nd quarter worth $194,000. 75.88% of the stock is owned by hedge funds and other institutional investors.
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.
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