Brokerages expect Bemis Company, Inc. (NYSE:BMS) to announce $999.07 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Bemis’ earnings. The lowest sales estimate is $973.00 million and the highest is $1.04 billion. Bemis reported sales of $995.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.4%. The business is scheduled to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that Bemis will report full year sales of $999.07 million for the current fiscal year, with estimates ranging from $3.96 billion to $4.12 billion. For the next fiscal year, analysts expect that the company will report sales of $4.09 billion per share, with estimates ranging from $3.96 billion to $4.19 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Bemis.

Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $978.34 million. Bemis had a net margin of 2.32% and a return on equity of 17.52%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS.

Several equities research analysts recently commented on BMS shares. Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. SunTrust Banks reiterated a “hold” rating and set a $46.00 target price on shares of Bemis in a research report on Wednesday, January 31st. TheStreet upgraded shares of Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. KeyCorp reiterated a “hold” rating on shares of Bemis in a research report on Tuesday, October 24th. Finally, Bank of America lifted their target price on shares of Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.40.

Shares of Bemis (BMS) traded up $0.71 during trading on Friday, hitting $44.56. 746,255 shares of the company traded hands, compared to its average volume of 621,011. The company has a market cap of $4,050.00, a price-to-earnings ratio of 43.69, a PEG ratio of 2.22 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 1.86 and a debt-to-equity ratio of 1.28. Bemis has a 12 month low of $40.60 and a 12 month high of $50.47.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.69%. Bemis’s dividend payout ratio (DPR) is currently 117.65%.

Several hedge funds and other institutional investors have recently modified their holdings of BMS. North Star Asset Management Inc. lifted its position in shares of Bemis by 3,385.8% in the 4th quarter. North Star Asset Management Inc. now owns 662,829 shares of the industrial products company’s stock worth $31,677,000 after purchasing an additional 643,814 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of Bemis by 93.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,315,591 shares of the industrial products company’s stock worth $62,872,000 after purchasing an additional 636,623 shares during the period. AXA lifted its position in shares of Bemis by 1,038.3% in the 4th quarter. AXA now owns 368,824 shares of the industrial products company’s stock worth $17,626,000 after purchasing an additional 336,424 shares during the period. American Century Companies Inc. lifted its position in shares of Bemis by 6.9% in the 4th quarter. American Century Companies Inc. now owns 5,140,905 shares of the industrial products company’s stock worth $245,684,000 after purchasing an additional 330,277 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Bemis in the 3rd quarter worth approximately $13,671,000. Hedge funds and other institutional investors own 77.32% of the company’s stock.

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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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Earnings History and Estimates for Bemis (NYSE:BMS)

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