Media coverage about Bemis (NYSE:BMS) has trended positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bemis earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 80 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Bemis Company, Inc. (BMS) Hits a New 52-Week High (highlightpress.com)
- Bemis Company, Inc. (BMS) Declares $0.30 Quarterly Dividend (americanbankingnews.com)
- Q3 2017 EPS Estimates for Bemis Company, Inc. Decreased by Analyst (NYSE:BMS) (americanbankingnews.com)
- August 2017 Stock Considerations (divhut.com)
- Bemis Co., Inc. :BMS-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017 (finance.yahoo.com)
A number of brokerages recently issued reports on BMS. Credit Suisse Group reiterated a “hold” rating and issued a $48.00 price target on shares of Bemis in a report on Friday, April 28th. Citigroup Inc. reiterated a “buy” rating on shares of Bemis in a report on Friday, April 14th. BidaskClub upgraded Bemis from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Royal Bank Of Canada reiterated a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Finally, Jefferies Group LLC restated a “hold” rating and set a $45.00 target price (up previously from $40.00) on shares of Bemis in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Bemis presently has a consensus rating of “Hold” and a consensus price target of $49.44.
Shares of Bemis (NYSE BMS) traded up 0.35% during trading on Friday, hitting $42.43. The stock had a trading volume of 634,975 shares. Bemis has a one year low of $42.13 and a one year high of $53.10. The stock’s 50 day moving average price is $45.82 and its 200-day moving average price is $47.21. The stock has a market cap of $3.85 billion, a P/E ratio of 19.14 and a beta of 0.90.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Analysts expect that Bemis will post $2.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.83%. Bemis’s payout ratio is currently 54.30%.
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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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