Equities research analysts predict that B&G Foods, Inc. (NYSE:BGS – Get Rating) will report earnings per share of $0.32 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for B&G Foods’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.27. B&G Foods posted earnings per share of $0.41 in the same quarter last year, which suggests a negative year over year growth rate of 22%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that B&G Foods will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.68. For the next year, analysts expect that the company will report earnings of $1.81 per share, with EPS estimates ranging from $1.74 to $1.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow B&G Foods.
B&G Foods (NYSE:BGS – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $532.41 million during the quarter, compared to analyst estimates of $512.02 million. B&G Foods had a return on equity of 12.91% and a net margin of 3.08%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share.
Hedge funds have recently made changes to their positions in the company. Tompkins Financial Corp acquired a new stake in shares of B&G Foods during the 1st quarter worth approximately $27,000. IndexIQ Advisors LLC grew its position in shares of B&G Foods by 269.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 947 shares of the company’s stock worth $28,000 after buying an additional 691 shares during the period. Horizon Financial Services LLC acquired a new stake in shares of B&G Foods during the 4th quarter worth approximately $29,000. CWM LLC acquired a new stake in B&G Foods in the 4th quarter valued at $29,000. Finally, Albion Financial Group UT acquired a new stake in B&G Foods in the 4th quarter valued at $31,000. 64.72% of the stock is owned by institutional investors.
Shares of BGS stock opened at $24.70 on Friday. B&G Foods has a 12-month low of $23.12 and a 12-month high of $36.52. The company has a market capitalization of $1.70 billion, a P/E ratio of 25.46 and a beta of 0.31. The firm has a 50-day moving average price of $26.93 and a 200 day moving average price of $29.71. The company has a quick ratio of 1.00, a current ratio of 3.46 and a debt-to-equity ratio of 2.50.
The company also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Thursday, March 31st were issued a dividend of $0.475 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.90 annualized dividend and a yield of 7.69%. B&G Foods’s payout ratio is 195.88%.
About B&G Foods (Get Rating)
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products.
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