Bunge Global (NYSE:BG) Releases Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• Bunge Global reported earnings of $1.31 per share, exceeding analysts' expectations of $1.19, but down from $1.73 per share in the same quarter last year.
• The company experienced a revenue of $12.77 billion for the quarter, slightly above estimates of $12.57 billion, despite a 3.6% year-over-year decline.
• Bunge Global announced a quarterly dividend of $0.70, reflecting an annualized rate of $2.80 and a yield of 3.49%.

Bunge Global (NYSE:BG - Get Free Report) posted its earnings results on Wednesday. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.12, Zacks reports. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%. The business had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. Bunge Global updated its FY 2025 guidance to 7.750-7.750 EPS.

Bunge Global Stock Performance

Shares of BG traded down $1.76 during mid-day trading on Friday, hitting $78.00. The stock had a trading volume of 1,878,573 shares, compared to its average volume of 1,833,320. The company has a market cap of $10.48 billion, a PE ratio of 7.79, a PEG ratio of 3.94 and a beta of 0.67. The company's fifty day simple moving average is $78.40 and its two-hundred day simple moving average is $76.68. The company has a quick ratio of 1.12, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. Bunge Global has a fifty-two week low of $67.40 and a fifty-two week high of $102.57.

Bunge Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Bunge Global's dividend payout ratio (DPR) is presently 27.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BG shares. Stephens lowered their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup lifted their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of "Hold" and a consensus price target of $81.60.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BG. United Services Automobile Association bought a new stake in shares of Bunge Global in the 1st quarter worth approximately $223,000. Focus Partners Wealth raised its stake in Bunge Global by 16.7% during the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company's stock valued at $309,000 after acquiring an additional 580 shares in the last quarter. Finally, Woodline Partners LP grew its stake in shares of Bunge Global by 34.5% in the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company's stock worth $862,000 after purchasing an additional 2,893 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.