B&G Foods (NYSE:BGS) Issues 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) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.500-0.600 for the period, compared to the consensus 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.

B&G Foods Trading Up 2.1%

Shares of NYSE:BGS traded up $0.09 on Wednesday, hitting $4.09. The company had a trading volume of 1,387,175 shares, compared to its average volume of 2,479,111. The company has a quick ratio of 1.07, a current ratio of 3.32 and a debt-to-equity ratio of 3.90. The firm's 50-day simple moving average is $4.30 and its two-hundred day simple moving average is $5.57. The firm has a market capitalization of $325.98 million, a price-to-earnings ratio of -1.44 and a beta of 0.48. B&G Foods has a 1 year low of $3.67 and a 1 year high of $9.44.

B&G Foods (NYSE:BGS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). B&G Foods had a negative net margin of 12.02% and a positive return on equity of 6.88%. The company had revenue of $424.43 million for the quarter, compared to analysts' expectations of $427.80 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts anticipate that B&G Foods will post 0.7 earnings per share for the current fiscal year.

B&G Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, September 30th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 18.6%. The ex-dividend date is Tuesday, September 30th. B&G Foods's dividend payout ratio is currently -28.57%.

Wall Street Analyst Weigh In

BGS has been the topic of several recent analyst reports. Piper Sandler cut their target price on 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. Barclays reduced their target price on B&G Foods from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada lowered their target price on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.10.

Institutional Investors Weigh In On B&G Foods

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

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.