BG Staffing Inc (NASDAQ:BGSF) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.
BG Staffing (NASDAQ:BGSF) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $68.77 million for the quarter, compared to analyst estimates of $70.05 million. BG Staffing had a net margin of 3.32% and a return on equity of 22.69%. On average, analysts expect BG Staffing to post $1.02 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.
BG Staffing Inc (NASDAQ BGSF) opened at 17.99 on Friday. The firm has a 50-day moving average of $16.94 and a 200-day moving average of $16.56. BG Staffing Inc has a 1-year low of $11.23 and a 1-year high of $18.85. The firm has a market capitalization of $157.57 million and a price-to-earnings ratio of 19.47.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd will be given a $0.25 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.56%.
Several institutional investors have recently bought and sold shares of the company. State Street Corp bought a new position in shares of BG Staffing in the 2nd quarter worth about $1,123,000. Northern Trust Corp increased its holdings in shares of BG Staffing by 81.7% in the 2nd quarter. Northern Trust Corp now owns 24,589 shares of the company’s stock worth $428,000 after acquiring an additional 11,059 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in shares of BG Staffing in the 2nd quarter worth about $214,000.
Separately, Zacks Investment Research downgraded shares of BG Staffing from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th.
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About BG Staffing
BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.
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