$0.30 EPS Expected for BGSF, Inc. (NYSE:BGSF) This Quarter

Brokerages forecast that BGSF, Inc. (NYSE:BGSF) will announce earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BGSF’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.28. BGSF reported earnings per share of $0.21 during the same quarter last year, which would suggest a positive year-over-year growth rate of 42.9%. The company is expected to issue its next quarterly earnings report on Thursday, March 10th.

According to Zacks, analysts expect that BGSF will report full-year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.12 to $1.17. For the next year, analysts anticipate that the business will report earnings of $1.25 per share, with EPS estimates ranging from $1.18 to $1.31. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover BGSF.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Tuesday, November 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.13. BGSF had a net margin of 3.74% and a return on equity of 18.41%. The business had revenue of $82.35 million during the quarter, compared to the consensus estimate of $81.01 million. During the same period in the prior year, the firm posted $0.35 EPS.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of BGSF from a “c+” rating to a “b” rating in a report on Tuesday, November 9th. Zacks Investment Research lowered shares of BGSF from a “buy” rating to a “hold” rating in a research note on Tuesday, January 4th.

In other BGSF news, Director Paul Seid purchased 14,000 shares of the stock in a transaction that occurred on Wednesday, November 10th. The stock was bought at an average cost of $14.03 per share, with a total value of $196,420.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas Hailey purchased 25,000 shares of the stock in a transaction that occurred on Monday, November 8th. The shares were acquired at an average cost of $13.70 per share, with a total value of $342,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 39,600 shares of company stock valued at $548,166. 5.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of BGSF by 1.1% during the third quarter. Geode Capital Management LLC now owns 72,593 shares of the company’s stock valued at $928,000 after purchasing an additional 810 shares during the last quarter. Invesco Ltd. boosted its position in shares of BGSF by 3.6% in the third quarter. Invesco Ltd. now owns 26,756 shares of the company’s stock worth $342,000 after purchasing an additional 935 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of BGSF by 6.5% in the third quarter. Commonwealth Equity Services LLC now owns 16,078 shares of the company’s stock worth $205,000 after purchasing an additional 982 shares during the period. Royal Bank of Canada boosted its position in shares of BGSF by 14.9% in the second quarter. Royal Bank of Canada now owns 12,822 shares of the company’s stock worth $158,000 after purchasing an additional 1,663 shares during the period. Finally, Wilen Investment Management CORP. bought a new position in shares of BGSF during the third quarter worth $27,000. 42.43% of the stock is owned by institutional investors and hedge funds.

NYSE BGSF traded up $0.39 on Friday, hitting $14.16. The stock had a trading volume of 10,423 shares, compared to its average volume of 22,650. The firm has a 50-day moving average of $14.24 and a 200-day moving average of $13.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $147.26 million, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.47 and a beta of 2.39. BGSF has a 52-week low of $11.45 and a 52-week high of $16.91.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 22nd. Investors of record on Monday, November 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, November 12th. This represents a $0.48 dividend on an annualized basis and a yield of 3.39%. BGSF’s dividend payout ratio (DPR) is currently 45.28%.

BGSF Company Profile

BGSF, Inc engages in the provision of staffing services. It operates through the following segments: Real Estate, Professional, and Light Industrial. The Real Estate segment provides office and maintenance field talent to apartment communities and commercial buildings. The Professional segment provides IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management and other IT staffing skills to client partners on a national basis.

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