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

Key Points

• B&G Foods has issued FY 2025 earnings guidance with an expected EPS of $0.500-$0.600, slightly lower than the consensus estimate of $0.568.
• The company also projected revenue between $1.8 billion and $1.9 billion, aligning closely with the consensus revenue estimate of $1.9 billion.
• B&G Foods recently declared a quarterly dividend of $0.19 per share, providing an annualized yield of 18.4% despite a negative payout ratio of -28.57%.

B&G Foods (NYSE:BGS - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 0.500-0.600 for the period, compared to the consensus earnings per share estimate of 0.568. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BGS. Barclays decreased their price objective on shares of B&G Foods from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Royal Bank Of Canada decreased their price objective on shares of B&G Foods from $6.00 to $5.00 and set a "sector perform" rating on the stock in a research note on Tuesday. Finally, Piper Sandler decreased their price objective on shares of B&G Foods from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.10.

B&G Foods Price Performance

Shares of BGS traded down $0.01 during mid-day trading on Friday, hitting $4.06. 411,617 shares of the company traded hands, compared to its average volume of 2,480,938. B&G Foods has a one year low of $3.67 and a one year high of $9.44. The company has a current ratio of 2.93, a quick ratio of 1.07 and a debt-to-equity ratio of 3.96. The business has a 50-day moving average of $4.30 and a 200 day moving average of $5.54. The stock has a market capitalization of $324.42 million, a price-to-earnings ratio of -1.44 and a beta of 0.48.

B&G Foods (NYSE:BGS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The company had revenue of $424.43 million for the quarter, compared to the consensus estimate of $427.80 million. During the same period last year, the company earned $0.08 earnings per share. B&G Foods's revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities analysts expect that B&G Foods will post 0.7 earnings per share for the current fiscal year.

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, September 30th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 18.7%. The ex-dividend date is Tuesday, September 30th. B&G Foods's dividend payout ratio is currently -26.86%.

Institutional Investors Weigh In On B&G Foods

Several hedge funds have recently bought and sold shares of BGS. AQR Capital Management LLC grew its position in B&G Foods by 5.3% in the first quarter. AQR Capital Management LLC now owns 163,781 shares of the company's stock valued at $1,125,000 after purchasing an additional 8,272 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of B&G Foods by 29.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,510 shares of the company's stock worth $1,721,000 after acquiring an additional 57,188 shares during the period. Royal Bank of Canada increased its position in B&G Foods by 14.4% during the 1st quarter. Royal Bank of Canada now owns 256,421 shares of the company's stock worth $1,761,000 after purchasing an additional 32,253 shares in the last quarter. Empowered Funds LLC increased its position in B&G Foods by 6.6% during the 1st quarter. Empowered Funds LLC now owns 353,878 shares of the company's stock worth $2,431,000 after purchasing an additional 22,064 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in B&G Foods by 28.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 706,117 shares of the company's stock valued at $4,851,000 after acquiring an additional 155,503 shares during the period. 66.15% of the stock is currently owned by institutional investors and hedge funds.

About B&G Foods

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.