Bunge Limited (BG) Announces Earnings Results
Bunge Limited (NYSE:BG) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04), Bloomberg Earnings reports. The business had revenue of $11.42 billion during the quarter, compared to analyst estimates of $11.87 billion. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.68%. Bunge Limited’s dividend payout ratio (DPR) is 53.64%.
A number of research analysts have commented on the stock. Citigroup Inc. lowered shares of Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Bunge Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $84.00 price objective on shares of Bunge Limited in a research note on Friday, July 21st. Finally, Credit Suisse Group restated a “buy” rating and issued a $90.00 price objective on shares of Bunge Limited in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Bunge Limited has a consensus rating of “Hold” and a consensus price target of $81.86.
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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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