BGSF, Inc. (NYSE:BGSF) Expected to Announce Earnings of $0.06 Per Share

Brokerages expect BGSF, Inc. (NYSE:BGSFGet Rating) to report earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for BGSF’s earnings. BGSF reported earnings of $0.07 per share in the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that BGSF will report full year earnings of $1.04 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $1.27 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow BGSF.

BGSF (NYSE:BGSFGet Rating) last announced its quarterly earnings data on Thursday, March 10th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.20. BGSF had a return on equity of 17.73% and a net margin of 4.93%. During the same quarter in the prior year, the firm earned $0.28 earnings per share.

Several research firms have recently commented on BGSF. Zacks Investment Research cut BGSF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 15th. assumed coverage on BGSF in a research report on Tuesday. They issued a “buy” rating for the company.

Shares of NYSE BGSF opened at $12.30 on Friday. BGSF has a twelve month low of $11.45 and a twelve month high of $15.65. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $13.29 and a two-hundred day moving average of $13.58. The stock has a market cap of $128.23 million, a P/E ratio of 9.11, a P/E/G ratio of 0.47 and a beta of 2.30.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 22nd. Shareholders of record on Monday, February 14th were issued a $0.15 dividend. This is a positive change from BGSF’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 11th. This represents a $0.60 annualized dividend and a yield of 4.88%. BGSF’s dividend payout ratio is 44.44%.

A number of institutional investors have recently bought and sold shares of the business. Tocqueville Asset Management L.P. grew its holdings in BGSF by 15.4% in the third quarter. Tocqueville Asset Management L.P. now owns 420,400 shares of the company’s stock valued at $5,377,000 after purchasing an additional 55,950 shares during the last quarter. BlackRock Inc. boosted its stake in shares of BGSF by 1.3% during the fourth quarter. BlackRock Inc. now owns 173,194 shares of the company’s stock valued at $2,486,000 after acquiring an additional 2,200 shares during the last quarter. LSV Asset Management boosted its stake in shares of BGSF by 72.6% during the fourth quarter. LSV Asset Management now owns 170,172 shares of the company’s stock valued at $2,442,000 after acquiring an additional 71,585 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of BGSF by 42.2% during the third quarter. Ancora Advisors LLC now owns 166,101 shares of the company’s stock valued at $2,124,000 after acquiring an additional 49,275 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of BGSF by 10.5% during the second quarter. Morgan Stanley now owns 147,890 shares of the company’s stock valued at $1,825,000 after acquiring an additional 14,009 shares during the last quarter. 43.33% of the stock is currently owned by institutional investors.

BGSF Company Profile (Get Rating)

BGSF, Inc provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel.

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