BG Staffing Inc (BGSF) Lowered to Hold at Zacks Investment Research
BG Staffing Inc (NASDAQ:BGSF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “BG Staffing, Inc. is a national provider of temporary staffing services across a diverse set of industries. Its present business segments offer temp services in the Multi-Family, Professional and Commercial sectors. In the Multi-Family segment BG offers temporary workers that perform front office and maintenance personnel in 18 states (Nevada, Arizona, Colorado, Kansas, Oklahoma, Texas, Missouri, Wisconsin, Illinois, Tennessee, Georgia, Florida, N. Carolina, Virginia, Maryland, Pennsylvania, Massachusetts, Rhode Island); temporary skilled contract labor for Finance & Accounting and also for IT implementation and maintenance projects nationwide from offices in 5 states (Texas, Louisiana, N. Carolina, Maryland, Rhode Island); temp labor services in various skilled and unskilled positions to primarily distribution and logistics customers in its Commercial segment in 5 states (Texas, Wisconsin, Illinois, Tennessee, Mississippi). BG Staffing, Inc. is headquartered in Plano, Texas. “
Separately, TheStreet upgraded shares of BG Staffing from a “c” rating to an “a” rating in a research note on Friday, May 5th.
BG Staffing (BGSF) traded up 0.68% during trading on Tuesday, reaching $17.75. 21,511 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $17.02 and its 200 day moving average price is $15.14. The firm has a market cap of $155.12 million and a P/E ratio of 20.96. BG Staffing has a 52-week low of $11.23 and a 52-week high of $21.75.
BG Staffing (NASDAQ:BGSF) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $56.84 million for the quarter, compared to the consensus estimate of $58.66 million. BG Staffing had a net margin of 2.29% and a return on equity of 13.02%. Equities research analysts anticipate that BG Staffing will post $1.06 EPS for the current fiscal year.
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BG Staffing Company Profile
BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.
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