Brokerages forecast that Bemis Company, Inc. (NYSE:BMS) will announce $980.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Bemis’ earnings, with estimates ranging from $936.30 million to $998.35 million. Bemis posted sales of $1.00 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that Bemis will report full-year sales of $4.07 billion for the current fiscal year, with estimates ranging from $4.02 billion to $4.09 billion. For the next financial year, analysts forecast that the firm will post sales of $4.09 billion, with estimates ranging from $4.03 billion to $4.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Bemis.

Bemis (NYSE:BMS) last 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. Bemis had a return on equity of 20.61% and a net margin of 2.72%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

A number of brokerages have weighed in on BMS. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a report on Monday, October 1st. Citigroup boosted their target price on shares of Bemis from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, January 7th. Barclays lowered their target price on shares of Bemis from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, October 29th. Finally, UBS Group set a $49.00 price target on shares of Bemis and gave the stock a “hold” rating in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $49.70.

A number of institutional investors and hedge funds have recently modified their holdings of BMS. Cerebellum GP LLC lifted its holdings in Bemis by 37.4% in the 4th quarter. Cerebellum GP LLC now owns 5,275 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 1,436 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Bemis by 74.6% in the 4th quarter. Retirement Systems of Alabama now owns 205,309 shares of the industrial products company’s stock valued at $9,424,000 after purchasing an additional 87,689 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Bemis by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 9,177,852 shares of the industrial products company’s stock valued at $446,043,000 after purchasing an additional 50,396 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Bemis by 0.6% during the third quarter. Vanguard Group Inc. now owns 9,177,852 shares of the industrial products company’s stock worth $446,043,000 after purchasing an additional 50,396 shares during the period. Finally, Cornerstone Advisors Inc. lifted its holdings in Bemis by 91.8% in the third quarter. Cornerstone Advisors Inc. now owns 223,639 shares of the industrial products company’s stock worth $10,869,000 after buying an additional 107,058 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.

Shares of BMS traded down $0.06 during mid-day trading on Friday, reaching $47.09. The company’s stock had a trading volume of 7,465 shares, compared to its average volume of 501,112. Bemis has a 1-year low of $40.86 and a 1-year high of $53.00. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.13 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 1.21.

About Bemis

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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