B&G Foods (BGS) Announces Quarterly Results
B&G Foods (NYSE:BGS) issued its quarterly earnings data on Wednesday. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.05, ARN reports. The company had revenue of $211.50 million for the quarter, compared to the consensus estimate of $206.87 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis.
B&G Foods (NYSE:BGS) traded down 0.13% during mid-day trading on Wednesday, hitting $30.98. 109,322 shares of the company’s stock traded hands. B&G Foods has a 52-week low of $27.61 and a 52-week high of $37.66. The stock has a 50-day moving average of $33.16 and a 200-day moving average of $34.19. The company has a market cap of $1.656 billion and a P/E ratio of 37.88.
A number of research firms have recently commented on BGS. Analysts at Stephens initiated coverage on shares of B&G Foods in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $36.00 price target on the stock. Analysts at RBC Capital initiated coverage on shares of B&G Foods in a research note on Monday, November 25th. They set a “sector perform” rating and a $36.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, B&G Foods has an average rating of “Hold” and an average target price of $36.24.
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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