Bemis Company, Inc. (NYSE:BMS)’s share price gapped up before the market opened on Monday . The stock had previously closed at $50.42, but opened at $49.22. Bemis shares last traded at $47.55, with a volume of 1,488,430 shares.
Several equities analysts have recently commented on the stock. Jefferies Group LLC restated a “hold” rating and set a $44.00 price target (down previously from $45.00) on shares of Bemis in a research report on Tuesday, August 1st. Royal Bank Of Canada restated a “sell” rating on shares of Bemis in a research report on Thursday, July 6th. Robert W. Baird restated a “hold” rating and set a $48.00 price target on shares of Bemis in a research report on Friday, September 1st. BidaskClub upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, UBS AG began coverage on shares of Bemis in a research report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.30.
The company has a market capitalization of $4.29 billion, a PE ratio of 21.32 and a beta of 0.90. The stock’s 50-day moving average price is $43.03 and its 200 day moving average price is $45.89.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.67 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts forecast that Bemis Company, Inc. will post $2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. Bemis’s dividend payout ratio (DPR) is presently 54.30%.
A number of hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Bemis in the second quarter worth about $626,000. Public Employees Retirement System of Ohio increased its position in Bemis by 3.1% in the second quarter. Public Employees Retirement System of Ohio now owns 33,293 shares of the industrial products company’s stock worth $1,540,000 after purchasing an additional 1,011 shares during the period. Verition Fund Management LLC increased its position in Bemis by 192.2% in the second quarter. Verition Fund Management LLC now owns 17,679 shares of the industrial products company’s stock worth $818,000 after purchasing an additional 11,629 shares during the period. Ameritas Investment Partners Inc. increased its position in Bemis by 3.9% in the second quarter. Ameritas Investment Partners Inc. now owns 37,488 shares of the industrial products company’s stock worth $1,732,000 after purchasing an additional 1,400 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Bemis in the second quarter worth about $265,000. Hedge funds and other institutional investors own 75.74% of the company’s stock.
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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