Bemis (BMS) Set to Announce Earnings on Thursday

Bemis (NYSE:BMS) is scheduled to be releasing its earnings data before the market opens on Thursday, January 25th. Analysts expect Bemis to post earnings of $0.65 per share for the quarter. Bemis has set its FY17 guidance at $2.35-2.40 EPS.

Bemis (NYSE:BMS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts expect Bemis to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Bemis (NYSE:BMS) opened at $46.62 on Thursday. Bemis has a 52-week low of $40.60 and a 52-week high of $51.98. The stock has a market capitalization of $4,230.00, a PE ratio of 22.09, a PEG ratio of 2.58 and a beta of 0.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 1.80.

A number of brokerages have recently issued reports on BMS. Zacks Investment Research lowered Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. KeyCorp reaffirmed a “hold” rating on shares of Bemis in a research report on Friday, October 13th. TheStreet raised Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, Barclays boosted their price objective on Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.60.

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About Bemis

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.

Earnings History for Bemis (NYSE:BMS)

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