Bemis Company, Inc. (NYSE:BMS) issued its quarterly earnings data on Thursday. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05, Bloomberg Earnings reports. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Bemis updated its FY17 guidance to $2.35-2.40 EPS.
Shares of Bemis (NYSE BMS) traded down 1.30% on Thursday, hitting $46.28. The stock had a trading volume of 1,130,170 shares. Bemis has a 52-week low of $40.60 and a 52-week high of $51.98. The firm has a market cap of $4.20 billion, a PE ratio of 20.88 and a beta of 0.90. The firm’s 50-day moving average price is $46.64 and its 200 day moving average price is $45.37.
BMS has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price target (up previously from $40.00) on shares of Bemis in a report on Friday, July 14th. BidaskClub downgraded Bemis from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. UBS Group AG initiated coverage on Bemis in a report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price target for the company. Finally, TheStreet downgraded Bemis from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.80.
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.