B&G Foods (BGS) Scheduled to Post Earnings on Wednesday

B&G Foods (NYSE:BGS - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect B&G Foods to post earnings of $0.21 per share for the quarter. B&G Foods has set its FY24 guidance at $0.80-1.00 EPS and its FY 2024 guidance at 0.800-1.000 EPS.Persons that wish to listen to the company's conference call can do so using this link.

B&G Foods (NYSE:BGS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. B&G Foods had a negative net margin of 3.21% and a positive return on equity of 8.68%. The firm had revenue of $578.13 million during the quarter, compared to analyst estimates of $569.65 million. During the same quarter in the previous year, the business posted $0.40 EPS. B&G Foods's revenue was down 7.2% on a year-over-year basis. On average, analysts expect B&G Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

B&G Foods Stock Performance

NYSE BGS traded down $0.03 on Wednesday, hitting $11.08. The stock had a trading volume of 776,371 shares, compared to its average volume of 976,008. B&G Foods has a 52-week low of $7.20 and a 52-week high of $16.62. The business's fifty day moving average price is $10.91 and its 200 day moving average price is $10.15. The company has a debt-to-equity ratio of 2.42, a current ratio of 3.06 and a quick ratio of 0.89.

B&G Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 6.86%. B&G Foods's dividend payout ratio (DPR) is presently -86.36%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of B&G Foods from $8.00 to $9.00 and gave the company an "underweight" rating in a research note on Wednesday, February 28th. StockNews.com upgraded shares of B&G Foods from a "sell" rating to a "hold" rating in a research report on Saturday, March 9th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.50.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.