B&G Foods (NYSE:BGS) Updates FY 2025 Earnings Guidance

by · The Cerbat Gem

B&G Foods (NYSE:BGS – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.500-0.580 for the period, compared to the consensus earnings per share estimate of 0.500. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

B&G Foods Price Performance

Shares of NYSE:BGS traded up $0.05 during midday trading on Wednesday, reaching $3.97. The company’s stock had a trading volume of 3,060,600 shares, compared to its average volume of 2,478,743. B&G Foods has a fifty-two week low of $3.67 and a fifty-two week high of $8.40. The company has a market capitalization of $317.22 million, a P/E ratio of -1.40 and a beta of 0.43. The company has a debt-to-equity ratio of 3.96, a current ratio of 2.93 and a quick ratio of 0.89. The business’s fifty day simple moving average is $4.43 and its 200-day simple moving average is $4.55.

B&G Foods (NYSE:BGS – Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $424.43 million during the quarter, compared to analyst estimates of $427.80 million. B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. As a group, equities research analysts expect that B&G Foods will post 0.7 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 19.2%. B&G Foods’s dividend payout ratio (DPR) is -26.86%.

Analyst Ratings Changes

Several research analysts have weighed in on BGS shares. Barclays reduced their target price on B&G Foods from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th. Royal Bank Of Canada reduced their target price on B&G Foods from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of B&G Foods in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded B&G Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, B&G Foods presently has an average rating of “Reduce” and a consensus target price of $6.10.

Check Out Our Latest Report on B&G Foods

Institutional Trading of B&G Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in B&G Foods by 137.7% in the second quarter. Creative Planning now owns 99,611 shares of the company’s stock worth $421,000 after acquiring an additional 57,705 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of B&G Foods by 5.6% in the second quarter. Prudential Financial Inc. now owns 83,807 shares of the company’s stock worth $355,000 after purchasing an additional 4,447 shares during the last quarter. PDT Partners LLC raised its stake in shares of B&G Foods by 186.6% in the second quarter. PDT Partners LLC now owns 66,369 shares of the company’s stock worth $281,000 after purchasing an additional 43,208 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of B&G Foods in the second quarter worth approximately $228,000. Finally, Corient Private Wealth LLC raised its stake in shares of B&G Foods by 104.5% in the second quarter. Corient Private Wealth LLC now owns 53,103 shares of the company’s stock worth $225,000 after purchasing an additional 27,135 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

B&G Foods Company Profile

(Get Free Report)

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.

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