Bemis Company, Inc. reported third-quarter 2017 adjusted earnings per share of 70 cents, down 7% year over year. However, earnings beat the Zacks Consensus Estimate of 64 cents. Results in the quarter were affected by challenging economic environment in Latin America due to political instability.
Including one-time costs, earnings came in at 61 cents per share compared with 72 cents reported in the prior-year quarter.
Operational Update
Net sales edged up 0.8% to $1,035 million from $1,027 million recorded in the year-ago quarter. Revenues also beat the Zacks Consensus Estimate of $1,026 million.
The company maintained cash from operations guidance range to $400-$425 million. Management expects capital expenditures for 2017 between $185 million and $200 million to support its undergoing projects.
Share Price Performance
Bemis' shares have been underperforming its industry with respect to price performance. In a year, the stock has dropped 7.7%, while the industry recorded growth of 16.6%.
Zacks Rank & Key Picks
Currently, Bemis carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth considering in the sector include Briggs & Stratton Corporation , Sun Hydraulics Corporation and Lakeland Industries, Inc. (LAKE - Free Report) . All three stocks boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Briggs & Stratton Corporation has an earnings ESP of 8.62% in the trailing four quarters. Sun Hydraulics has an average earnings surprise of 3.47% in the last four quarters, while Lakeland Industries has an average earnings surprise of 18.01%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Bemis Company, Inc. reported third-quarter 2017 adjusted earnings per share of 70 cents, down 7% year over year. However, earnings beat the Zacks Consensus Estimate of 64 cents. Results in the quarter were affected by challenging economic environment in Latin America due to political instability.
Including one-time costs, earnings came in at 61 cents per share compared with 72 cents reported in the prior-year quarter.
Operational Update
Net sales edged up 0.8% to $1,035 million from $1,027 million recorded in the year-ago quarter. Revenues also beat the Zacks Consensus Estimate of $1,026 million.
The company maintained cash from operations guidance range to $400-$425 million. Management expects capital expenditures for 2017 between $185 million and $200 million to support its undergoing projects.
Share Price Performance
Bemis' shares have been underperforming its industry with respect to price performance. In a year, the stock has dropped 7.7%, while the industry recorded growth of 16.6%.
Zacks Rank & Key Picks
Currently, Bemis carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth considering in the sector include Briggs & Stratton Corporation , Sun Hydraulics Corporation and Lakeland Industries, Inc. (LAKE - Free Report) . All three stocks boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Briggs & Stratton Corporation has an earnings ESP of 8.62% in the trailing four quarters. Sun Hydraulics has an average earnings surprise of 3.47% in the last four quarters, while Lakeland Industries has an average earnings surprise of 18.01%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on LAKE - FREE