Bunge Limited (BG) Set to Announce Quarterly Earnings on Wednesday
Bunge Limited (NYSE:BG) is set to announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.64 per share for the quarter.
Bunge Limited (NYSE:BG) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The firm had revenue of $11.65 billion for the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter last year, the business earned $0.79 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. On average, analysts expect Bunge Limited to post $3.6 EPS for the current fiscal year and $5.14 EPS for the next fiscal year.
Bunge Limited (BG) opened at 70.73 on Wednesday. The stock’s 50 day moving average price is $71.26 and its 200 day moving average price is $75.09. Bunge Limited has a 12-month low of $59.04 and a 12-month high of $83.75. The company has a market cap of $9.94 billion, a PE ratio of 20.22 and a beta of 1.01.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.60%. Bunge Limited’s dividend payout ratio is currently 53.64%.
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BG has been the topic of a number of recent research reports. Piper Jaffray Companies set a $86.00 target price on Bunge Limited and gave the company a “buy” rating in a report on Thursday, August 3rd. Citigroup Inc. lowered Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a report on Thursday, September 28th. J P Morgan Chase & Co downgraded Bunge Limited to a “neutral – underweight” rating and set a $70.00 target price for the company. in a research report on Tuesday, July 4th. Zacks Investment Research raised Bunge Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a “hold” rating and issued a $77.00 target price on shares of Bunge Limited in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $81.86.
About Bunge Limited
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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