Bemis Company (BMS) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.66. The company posted revenue of $1021.30 million in the period, compared to analysts expectations of $1024.07 million. The company’s revenue was down -.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Bemis Company. SunTrust Initiated Bemis Company on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $60.Bemis Company was Initiated by Goldman to “Neutral” on May 12, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .
Bemis Company closed down -0.87 points or -1.66% at $51.51 with 14,16,281 shares getting traded on Thursday. Post opening the session at $51.98, the shares hit an intraday low of $50.48 and an intraday high of $51.98 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Dec 3, 2015, Edward N Perry (director) sold 1,492 shares at $46.35 per share price. According to the SEC, on Jun 11, 2015, James W Ransom (Vice President) sold 10,000 shares at $45.97 per share price. On Mar 13, 2015, Henry J Theisen (Exec. Chairman of the Board) sold 12,000 shares at $47.06 per share price, according to the Form-4 filing with the securities and exchange commission.
Bemis Company Inc. is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment manufactures multilayer polymer blown and cast film structures to produce packaging for food and personal care product applications as well as non-food applications. The Global Packaging segment manufactures multilayer polymer blown and cast film structures to produce packaging for a range of food medical pharmaceutical personal care electronics and industrial applications. The Company offers its products primarily to the customers in the food industry. Its other customers include companies operating in a range of businesses including chemical agribusiness medical pharmaceutical personal care electronics automotive construction and other consumer goods.