B&G Foods (BGS) to Release Quarterly Earnings on Wednesday
B&G Foods (NYSE:BGS) will announce its Q114 earnings results on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $204.92 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
B&G Foods (NYSE:BGS) last released its earnings data on Wednesday, February 12th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.05. 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 previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts expect B&G Foods to post $1.58 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.
B&G Foods (NYSE:BGS) opened at 32.19 on Tuesday. B&G Foods has a 52-week low of $27.35 and a 52-week high of $37.66. The stock has a 50-day moving average of $30.47 and a 200-day moving average of $32.76. The company has a market cap of $1.727 billion and a price-to-earnings ratio of 32.66.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of B&G Foods in a research note on Thursday, April 10th. They now have a $34.00 price target on the stock. On the ratings front, analysts at RBC Capital upgraded shares of B&G Foods from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $36.00 price target on the stock, up previously from $31.00. Finally, analysts at Stephens upgraded shares of B&G Foods from an “equal weight” rating to an “overweight” rating in a research note on Friday, April 4th. They now have a $35.00 price target on the stock, up previously from $32.00. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. B&G Foods has a consensus rating of “Hold” and a consensus price target of $33.18.
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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