Bemis (BMS) announced its quarterly results on Tuesday. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.02. During the same quarter in 2010, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis.
Bemis Company, Inc. (Bemis) is a manufacturer of flexible packaging products and pressure sensitive materials, selling to customers throughout the United States, Canada, Mexico, South America, Europe, and Asia. During the year ended December 31, 2009, approximately 85 % of the Company’s sales were derived from the Flexible Packaging segment and approximately 15 % were derived from the Pressure Sensitive Materials segment. Its business activities are organized around its two business segments: Flexible Packaging and Pressure Sensitive Materials. Its products are sold to customers primarily in the food industry. Other customers include companies in various types of businesses, which include chemical, agribusiness, medical, pharmaceutical, personal care, construction, graphic industries, and other consumer goods. On June 3, 2009, Bemis acquired the South American rigid packaging operations of Huhtamaki Oyj, a global manufacturer of consumer and specialty packaging.
Shares of Bemis (BMS) traded down 1.57% during mid-day trading on Tuesday, hitting $32.04. Bemis has a 52 week low of $25.50 and a 52 week high of $34.25. The stock’s 50-day moving average is $32.70 and its 200-day moving average is $31.44. The company has a market cap of $3.466 billion and a price-to-earnings ratio of 20.29.
Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts’ upgrades, analysts’ downgrades and analysts’ price target changes for each day.