B&G Foods (BGS) to Release Earnings on Wednesday

B&G Foods (NYSE:BGS) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect B&G Foods to post earnings of $0.21 per share for the quarter. B&G Foods has set its FY24 guidance at $0.80-1.00 EPS and its FY 2024 guidance at 0.800-1.000 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

B&G Foods (NYSE:BGS) last released its earnings results on Tuesday, February 27th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. B&G Foods had a positive return on equity of 8.68% and a negative net margin of 3.21%. The business had revenue of $578.13 million for the quarter, compared to the consensus estimate of $569.65 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts expect B&G Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

B&G Foods Trading Down 1.2 %

B&G Foods stock opened at $11.10 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 0.89 and a debt-to-equity ratio of 2.42. The business’s fifty day simple moving average is $10.91 and its two-hundred day simple moving average is $10.15. B&G Foods has a 12 month low of $7.20 and a 12 month high of $16.68. The company has a market capitalization of $877.46 million, a price-to-earnings ratio of -12.61 and a beta of 0.71.

B&G Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.85%. The ex-dividend date was Wednesday, March 27th. B&G Foods’s dividend payout ratio (DPR) is -86.36%.

Wall Street Analysts Forecast Growth

BGS has been the topic of several analyst reports. Piper Sandler boosted their target price on B&G Foods from $8.00 to $9.00 and gave the stock an “underweight” rating in a report on Wednesday, February 28th. StockNews.com upgraded B&G Foods from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.50.

B&G Foods Company Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.