BGSF, Inc. (NYSE:BGSF) Expected to Post Quarterly Sales of $65.00 Million

Equities research analysts expect BGSF, Inc. (NYSE:BGSFGet Rating) to post $65.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for BGSF’s earnings, with the highest sales estimate coming in at $67.25 million and the lowest estimate coming in at $62.75 million. BGSF reported sales of $74.39 million during the same quarter last year, which indicates a negative year over year growth rate of 12.6%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that BGSF will report full-year sales of $272.11 million for the current year, with estimates ranging from $270.43 million to $273.79 million. For the next financial year, analysts forecast that the business will report sales of $291.27 million, with estimates ranging from $287.55 million to $295.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow BGSF.

BGSF (NYSE:BGSFGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. BGSF had a net margin of 9.96% and a return on equity of 18.94%. During the same period in the previous year, the firm earned $0.16 earnings per share.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of BGSF from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 15th. StockNews.com started coverage on shares of BGSF in a report on Sunday, May 29th. They set a “buy” rating on the stock. Finally, TheStreet downgraded shares of BGSF from a “b” rating to a “c” rating in a research note on Friday, May 27th.

Shares of BGSF opened at $12.39 on Friday. BGSF has a 1-year low of $11.55 and a 1-year high of $15.65. The firm has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $13.51. The stock has a market cap of $129.70 million, a price-to-earnings ratio of 4.49, a price-to-earnings-growth ratio of 0.53 and a beta of 2.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.05 and a quick ratio of 2.05.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 24th. Shareholders of record on Tuesday, May 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Monday, May 16th. BGSF’s payout ratio is 21.74%.

In other news, Director C. David Allen, Jr. purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, May 4th. The shares were acquired at an average price of $13.27 per share, for a total transaction of $39,810.00. Following the completion of the acquisition, the director now directly owns 22,851 shares of the company’s stock, valued at $303,232.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Hailey acquired 20,000 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was bought at an average price of $12.68 per share, for a total transaction of $253,600.00. Following the purchase, the director now owns 149,820 shares in the company, valued at approximately $1,899,717.60. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of BGSF. Pacific Ridge Capital Partners LLC increased its position in shares of BGSF by 0.4% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 600,754 shares of the company’s stock worth $7,912,000 after purchasing an additional 2,293 shares in the last quarter. North Star Investment Management Corp. boosted its stake in BGSF by 20.5% during the 1st quarter. North Star Investment Management Corp. now owns 507,505 shares of the company’s stock worth $6,684,000 after acquiring an additional 86,267 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in BGSF by 15.4% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 420,400 shares of the company’s stock worth $5,377,000 after acquiring an additional 55,950 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BGSF by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 275,046 shares of the company’s stock worth $3,622,000 after acquiring an additional 14,920 shares during the last quarter. Finally, LSV Asset Management boosted its stake in BGSF by 20.9% during the 1st quarter. LSV Asset Management now owns 205,656 shares of the company’s stock worth $2,708,000 after acquiring an additional 35,484 shares during the last quarter. 41.91% of the stock is owned by hedge funds and other institutional investors.

About BGSF (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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