Brokerages Anticipate BG Staffing Inc (BGSF) to Post $0.28 Earnings Per Share
Shares of BG Staffing Inc (NASDAQ:BGSF) have received an average broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokers have set a 1 year consensus price target of $19.40 for the company and are anticipating that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given BG Staffing an industry rank of 94 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered BG Staffing from a “hold” rating to a “sell” rating in a report on Friday.
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BG Staffing (NASDAQ:BGSF) opened at $15.39 on Friday. BG Staffing has a 52 week low of $11.23 and a 52 week high of $18.84.
BG Staffing (NASDAQ:BGSF) last released its quarterly earnings results on Monday, October 30th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). BG Staffing had a return on equity of 22.69% and a net margin of 3.32%. The firm had revenue of $71.28 million for the quarter, compared to analyst estimates of $77.70 million.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.50%.
A number of hedge funds have recently added to or reduced their stakes in the business. Menta Capital LLC grew its stake in BG Staffing by 5.0% in the 2nd quarter. Menta Capital LLC now owns 20,042 shares of the company’s stock worth $348,000 after acquiring an additional 950 shares during the period. New York State Common Retirement Fund acquired a new position in shares of BG Staffing in the 2nd quarter valued at $129,000. JPMorgan Chase & Co. boosted its holdings in shares of BG Staffing by 110.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,418 shares of the company’s stock valued at $251,000 after purchasing an additional 7,559 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of BG Staffing by 7.5% in the 2nd quarter. Acadian Asset Management LLC now owns 133,468 shares of the company’s stock valued at $2,318,000 after purchasing an additional 9,362 shares during the last quarter. Finally, Royal Bank of Canada acquired a new position in shares of BG Staffing in the 2nd quarter valued at $174,000.
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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