BG Staffing Inc (BGSF) Set to Announce Earnings on Monday
BG Staffing Inc (NASDAQ:BGSF) will be releasing its earnings data after the market closes on Monday, October 30th. Analysts expect BG Staffing to post earnings of $0.38 per share for the quarter.
BG Staffing (NASDAQ:BGSF) last released its earnings results on Thursday, July 27th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $68.77 million during the quarter, compared to the consensus estimate of $70.05 million. BG Staffing had a return on equity of 22.69% and a net margin of 3.32%. On average, analysts expect BG Staffing to post $1.02 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.
Shares of BG Staffing Inc (NASDAQ:BGSF) opened at 17.55 on Monday. The company has a market cap of $153.72 million and a P/E ratio of 18.99. BG Staffing Inc has a 52-week low of $11.23 and a 52-week high of $18.84. The stock’s 50 day moving average price is $16.84 and its 200-day moving average price is $16.48.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BGSF. State Street Corp acquired a new stake in shares of BG Staffing during the 2nd quarter valued at $1,123,000. California State Teachers Retirement System acquired a new stake in shares of BG Staffing during the 2nd quarter valued at $214,000. Finally, Northern Trust Corp boosted its holdings in shares of BG Staffing by 81.7% during the 2nd quarter. Northern Trust Corp now owns 24,589 shares of the company’s stock valued at $428,000 after acquiring an additional 11,059 shares in the last quarter.
Separately, Zacks Investment Research raised BG Staffing from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, July 21st.
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About BG Staffing
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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