Analysts Offer Predictions for Bemis Company, Inc.’s FY2018 Earnings (BMS)

Bemis Company, Inc. (NYSE:BMS) – Research analysts at KeyCorp lifted their FY2018 earnings estimates for shares of Bemis in a research report issued on Sunday, October 28th. KeyCorp analyst A. Josephson now anticipates that the industrial products company will earn $2.78 per share for the year, up from their previous estimate of $2.77.

Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Bemis had a return on equity of 20.61% and a net margin of 2.72%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion.



BMS has been the subject of several other reports. Barclays dropped their price target on Bemis from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating and set a $54.00 price target on shares of Bemis in a research report on Tuesday, August 7th. Zacks Investment Research cut Bemis from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Robert W. Baird reiterated a “hold” rating and set a $57.00 price target (up from $48.00) on shares of Bemis in a research report on Monday, August 6th. Finally, UBS Group cut Bemis from a “buy” rating to a “neutral” rating and set a $54.00 target price for the company. in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Bemis currently has an average rating of “Hold” and a consensus price target of $49.50.

Shares of BMS opened at $45.39 on Wednesday. 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 one year low of $40.86 and a one year high of $53.00. The company has a market cap of $4.07 billion, a P/E ratio of 18.99, a PEG ratio of 2.19 and a beta of 0.92.

Large investors have recently made changes to their positions in the company. First Interstate Bank grew its position in Bemis by 50.7% during the second quarter. First Interstate Bank now owns 4,386 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 1,476 shares during the period. Cerebellum GP LLC acquired a new position in shares of Bemis during the third quarter worth about $187,000. Private Trust Co. NA acquired a new position in shares of Bemis during the third quarter worth about $209,000. Cullen Frost Bankers Inc. acquired a new position in shares of Bemis during the third quarter worth about $209,000. Finally, OLD National Bancorp IN acquired a new position in shares of Bemis during the third quarter worth about $217,000. 76.74% of the stock is owned by institutional investors and hedge funds.

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 and Estimates for Bemis (NYSE:BMS)

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