Bemis (BMS) Releases Earnings Results, Hits Estimates

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Bemis (NYSE:BMS) announced its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.77, MarketWatch Earnings reports. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Bemis had a return on equity of 20.61% and a net margin of 2.72%. Bemis updated its FY 2018 guidance to $2.77-2.82 EPS.

Bemis stock traded down $0.10 during trading hours on Friday, hitting $48.13. The stock had a trading volume of 736,953 shares, compared to its average volume of 812,211. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.78. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. Bemis has a 1-year low of $40.86 and a 1-year high of $53.00.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.58%. The ex-dividend date is Wednesday, November 14th. Bemis’s dividend payout ratio (DPR) is 51.88%.

A number of equities analysts recently issued reports on BMS shares. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Monday, October 1st. Barclays lowered their price target on Bemis from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, October 29th. Jefferies Financial Group reissued a “hold” rating and issued a $54.00 price objective on shares of Bemis in a report on Tuesday, August 7th. UBS Group set a $49.00 price target on Bemis and gave the stock a “hold” rating in a research note on Friday, October 26th. Finally, Robert W. Baird restated a “hold” rating and set a $57.00 price target (up previously from $48.00) on shares of Bemis in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Bemis presently has a consensus rating of “Hold” and a consensus price target of $49.50.

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About Bemis

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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Earnings History for Bemis (NYSE:BMS)

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