Bunge Global (NYSE:BG - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.750-7.750 for the period, compared to the consensus earnings per share estimate of 7.797. The company issued revenue guidance of -.
Bunge Global Trading Down 2.2%
BG traded down $1.76 during trading on Friday, hitting $78.00. 1,878,573 shares of the company's stock were exchanged, compared to its average volume of 1,833,320. The company has a current ratio of 2.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.59. Bunge Global has a 1 year low of $67.40 and a 1 year high of $102.57. The stock has a 50 day moving average price of $78.40 and a 200 day moving average price of $76.65. The firm has a market cap of $10.48 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 3.86 and a beta of 0.67.
Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. Bunge Global's revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts expect that Bunge Global will post 7.94 EPS for the current fiscal year.
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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is presently 27.97%.
Analyst Ratings Changes
A number of research firms have recently commented on BG. Stephens reduced their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Citigroup upped their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $81.60.
Read Our Latest Report on BG
Hedge Funds Weigh In On Bunge Global
Several institutional investors have recently modified their holdings of the company. United Services Automobile Association bought a new position in Bunge Global in the 1st quarter valued at about $223,000. Focus Partners Wealth grew its position in Bunge Global by 16.7% in the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company's stock valued at $309,000 after buying an additional 580 shares in the last quarter. Finally, Woodline Partners LP grew its position in Bunge Global by 34.5% in the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company's stock valued at $862,000 after buying an additional 2,893 shares in the last quarter. Institutional investors own 86.23% of the company's stock.
About Bunge Global
(
Get Free Report)
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.
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