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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BGS shares. Barclays dropped their price target on B&G Foods from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Thursday. Piper Sandler dropped their price objective on B&G Foods from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, B&G Foods currently has an average rating of "Hold" and a consensus price target of $7.30.

B&G Foods Trading Down 0.1%

NYSE:BGS traded down $0.01 on Monday, reaching $4.47. The company's stock had a trading volume of 2,070,741 shares, compared to its average volume of 1,572,371. B&G Foods has a 12-month low of $4.30 and a 12-month high of $9.78. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. The firm has a market cap of $356.30 million, a price-to-earnings ratio of -13.13 and a beta of 0.74. The stock has a 50 day moving average price of $6.62 and a 200 day moving average price of $6.77.

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

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 17.02%. B&G Foods's dividend payout ratio is currently -28.57%.

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.