Bemis (BMS) Releases Earnings Results, Hits Estimates

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

Bemis stock opened at $48.25 on Friday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.35 and a beta of 0.92. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.78 and a quick ratio of 0.90. Bemis has a fifty-two week low of $40.86 and a fifty-two week 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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, November 14th. Bemis’s dividend payout ratio is 51.88%.

Several research firms have recently commented on BMS. UBS Group cut shares of Bemis from a “buy” rating to a “neutral” rating and set a $54.00 price target on the stock. in a report on Tuesday, August 7th. Jefferies Financial Group restated a “hold” rating and set a $54.00 price target on shares of Bemis in a report on Tuesday, August 7th. Robert W. Baird restated a “hold” rating and set a $57.00 price target (up from $48.00) on shares of Bemis in a report on Monday, August 6th. Royal Bank of Canada upgraded shares of Bemis from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $44.00 to $46.00 in a report on Wednesday, August 15th. Finally, Zacks Investment Research cut shares of Bemis from a “hold” rating to a “sell” rating in a report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.50.

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Bemis Company Profile

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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