Revenue Update on Bemis Company(NYSE:BMS)

Bemis Company(NYSE:BMS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.02B. Analysts estimated a revenue of $1.03B. Earnings per share were $0.67. Analysts had estimated an EPS of $0.66.

In a different note, On Jul 19, 2016, Citigroup said it Maintains its rating on Bemis Company. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Jefferies said it Maintains its rating on Bemis Company. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Hold’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on Bemis Company, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, Goldman Sachs said it Assumes its rating on Bemis Company. The shares have been rated ‘Neutral’ by the firm. Goldman Sachs said it Initiates Coverage on Bemis Company, according to a research note issued on May 12, 2016. The shares have been rated ‘Neutral’ by the firm.

Bemis Company (BMS) made into the market gainers list on Thursdays trading session with the shares advancing 1.06% or 0.53 points. Due to strong positive momentum, the stock ended at $50.71, which is also near the day’s high of $50.91. The stock began the session at $50.18 and the volume stood at 6,78,432 shares. The 52-week high of the shares is $54.19 and the 52 week low is $38.91. The company has a current market capitalization of $4,803 M and it has 9,47,10,925 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 3, 2015, Edward N Perry (director) sold 1,492 shares at $46.35 per share price.Also, 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.

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