B&G Foods (NYSE:BGS) Updates FY 2025 Earnings Guidance

B&G Foods (NYSE:BGS - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.550-0.650 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.

Analysts Set New Price Targets

Several analysts recently issued reports on BGS shares. Piper Sandler reduced their price target on shares of B&G Foods from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday. Barclays reduced their target price on B&G Foods from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.30.

B&G Foods Price Performance

Shares of NYSE BGS remained flat at $4.48 during midday trading on Friday. 3,734,261 shares of the company's stock were exchanged, compared to its average volume of 1,580,256. B&G Foods has a 12-month low of $4.30 and a 12-month high of $9.78. The stock has a market capitalization of $354.54 million, a PE ratio of -13.18 and a beta of 0.74. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40. The company's 50 day moving average price is $6.62 and its 200-day moving average price is $6.79.

B&G Foods (NYSE:BGS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). The firm had revenue of $425.40 million during the quarter, compared to analyst estimates of $459.40 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. B&G Foods's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. On average, equities research analysts anticipate that B&G Foods will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 16.96%. The ex-dividend date was Monday, March 31st. B&G Foods's payout ratio is -23.90%.

B&G Foods Company Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.