B&G Foods (NYSE:BGS – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02), Briefing.com reports. B&G Foods had a negative net margin of 3.21% and a positive return on equity of 8.68%. The firm had revenue of $475.22 million during the quarter, compared to the consensus estimate of $480.93 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. B&G Foods updated its FY24 guidance to $0.75-0.95 EPS and its FY 2024 guidance to 0.750-0.950 EPS.
B&G Foods Trading Down 28.3 %
NYSE:BGS traded down $3.27 on Thursday, reaching $8.28. 6,823,954 shares of the stock traded hands, compared to its average volume of 1,043,095. The firm has a market capitalization of $654.54 million, a price-to-earnings ratio of -10.28 and a beta of 0.70. B&G Foods has a 1-year low of $7.20 and a 1-year high of $15.34. 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 company’s 50 day moving average is $11.10 and its 200-day moving average is $10.25.
B&G Foods Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend was Wednesday, March 27th. B&G Foods’s dividend payout ratio is currently -86.36%.
Wall Street Analysts Forecast Growth
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.
Further Reading
- Five stocks we like better than B&G Foods
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Roblox: The Bottom Just Fell Out of the Metaverse
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Investing in Travel Stocks Benefits
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for B&G Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B&G Foods and related companies with MarketBeat.com's FREE daily email newsletter.