B&G Foods (BGS) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS
B&G Foods (NYSE:BGS) issued its quarterly earnings data on Thursday. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.05, ARN reports. The company had revenue of $181.40 million for the quarter, compared to the consensus estimate of $184.83 million.
BGS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of B&G Foods from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $39.20 price target on the stock. Analysts at Credit Suisse raised their price target on shares of B&G Foods from $32.00 to $35.00 in a research note to investors on Wednesday, July 31st. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.04.
B&G Foods (NYSE:BGS) traded up 0.43% on Thursday, hitting $37.15. 455,423 shares of the company’s stock traded hands. B&G Foods has a 52 week low of $26.83 and a 52 week high of $37.12. The stock’s 50-day moving average is $35.13 and its 200-day moving average is $32.95. The company has a market cap of $1.964 billion and a P/E ratio of 43.06.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.55%.
B&G Foods, Inc (NYSE:BGS), manufactures, sells and distributes a range of branded shelf-stable food and household products across the United States, Canada and Puerto Rico.
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