Brokerages forecast that BGSF, Inc. (NYSE:BGSF) will report $82.18 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for BGSF’s earnings, with the highest sales estimate coming in at $84.00 million and the lowest estimate coming in at $80.35 million. BGSF posted sales of $69.70 million in the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The business is expected to issue its next earnings results on Thursday, March 10th.
On average, analysts expect that BGSF will report full year sales of $306.64 million for the current fiscal year, with estimates ranging from $304.81 million to $308.46 million. For the next year, analysts forecast that the business will report sales of $327.81 million, with estimates ranging from $325.77 million to $329.85 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover BGSF.
BGSF (NYSE:BGSF) last posted its earnings results on Tuesday, November 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.13. The company had revenue of $82.35 million during the quarter, compared to analyst estimates of $81.01 million. BGSF had a return on equity of 18.41% and a net margin of 3.74%. During the same period in the prior year, the company earned $0.35 earnings per share.
In other news, Director Paul Seid bought 14,000 shares of the business’s stock in a transaction on Wednesday, November 10th. The stock was purchased at an average cost of $14.03 per share, for a total transaction of $196,420.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Hailey bought 25,000 shares of the business’s stock in a transaction on Monday, November 8th. The stock was purchased at an average price of $13.70 per share, with a total value of $342,500.00. The disclosure for this purchase can be found here. Insiders purchased a total of 39,600 shares of company stock valued at $548,166 over the last three months. Corporate insiders own 5.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilen Investment Management CORP. acquired a new stake in BGSF in the third quarter worth approximately $27,000. Beacon Pointe Advisors LLC acquired a new stake in shares of BGSF during the 2nd quarter valued at $130,000. Victory Capital Management Inc. lifted its position in shares of BGSF by 55.3% during the 2nd quarter. Victory Capital Management Inc. now owns 11,604 shares of the company’s stock valued at $143,000 after acquiring an additional 4,134 shares during the last quarter. Royal Bank of Canada lifted its position in shares of BGSF by 14.9% during the 2nd quarter. Royal Bank of Canada now owns 12,822 shares of the company’s stock valued at $158,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of BGSF by 34.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 15,096 shares of the company’s stock valued at $186,000 after acquiring an additional 3,871 shares during the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.
BGSF stock traded up $0.39 on Tuesday, reaching $14.16. The company’s stock had a trading volume of 10,423 shares, compared to its average volume of 22,650. BGSF has a 52 week low of $11.45 and a 52 week high of $16.91. The company has a market capitalization of $147.26 million, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 0.47 and a beta of 2.39. The firm has a fifty day moving average of $14.24 and a two-hundred day moving average of $13.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.10 and a quick ratio of 2.10.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 22nd. Investors of record on Monday, November 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, November 12th. BGSF’s dividend payout ratio (DPR) is 45.28%.
BGSF Company Profile
BGSF, Inc engages in the provision of staffing services. It operates through the following segments: Real Estate, Professional, and Light Industrial. The Real Estate segment provides office and maintenance field talent to apartment communities and commercial buildings. The Professional segment provides IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management and other IT staffing skills to client partners on a national basis.
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