Bunge (BG) Releases Quarterly Earnings Results, Misses Expectations By $0.81 EPS

Bunge (NYSE:BG) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.81), Bloomberg Earnings reports. Bunge had a net margin of 1.06% and a return on equity of 6.68%. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the firm posted $1.70 EPS. The business’s revenue was down 1.6% on a year-over-year basis.

Bunge (NYSE:BG) opened at $79.51 on Wednesday. The company has a market cap of $11,200.89, a P/E ratio of 24.92, a P/E/G ratio of 1.49 and a beta of 1.14. Bunge has a 12 month low of $63.87 and a 12 month high of $83.75. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, February 15th. Bunge’s dividend payout ratio (DPR) is 57.68%.

A number of large investors have recently modified their holdings of BG. Fuller & Thaler Asset Management Inc. bought a new position in Bunge in the fourth quarter worth approximately $101,000. Advisor Group Inc. raised its stake in Bunge by 127.8% in the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after buying an additional 841 shares in the last quarter. Toronto Dominion Bank raised its stake in Bunge by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after buying an additional 188 shares in the last quarter. Cerebellum GP LLC bought a new position in Bunge in the fourth quarter worth approximately $129,000. Finally, Advisory Services Network LLC raised its stake in Bunge by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after buying an additional 1,946 shares in the last quarter. 77.29% of the stock is owned by institutional investors.

Several analysts have recently weighed in on BG shares. Zacks Investment Research downgraded shares of Bunge from a “hold” rating to a “strong sell” rating in a research note on Friday, October 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $87.00 price target on shares of Bunge in a research note on Monday, November 6th. Vertical Group raised shares of Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Finally, Credit Suisse Group set a $84.00 price objective on shares of Bunge and gave the stock a “buy” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Bunge currently has a consensus rating of “Hold” and a consensus target price of $81.00.

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About Bunge

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.

Earnings History for Bunge (NYSE:BG)

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