B&G Foods (NYSE:BGS) Announces Earnings Results, Beats Estimates By $0.01 EPS

B&G Foods (NYSE:BGS - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01, Zacks reports. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The business had revenue of $551.57 million for the quarter, compared to analysts' expectations of $547.95 million. B&G Foods updated its FY 2025 guidance to 0.650-0.750 EPS.

B&G Foods Price Performance

Shares of BGS stock traded down $0.25 during mid-day trading on Friday, hitting $6.70. 3,792,346 shares of the stock traded hands, compared to its average volume of 1,714,688. B&G Foods has a twelve month low of $5.45 and a twelve month high of $11.97. The firm has a market cap of $530.00 million, a price-to-earnings ratio of -19.69 and a beta of 0.50. The company's 50-day simple moving average is $6.57 and its 200-day simple moving average is $7.49. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.49 and a current ratio of 1.64.

B&G Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend is Monday, March 31st. B&G Foods's dividend payout ratio (DPR) is presently -23.90%.

Analyst Ratings Changes

Several equities research analysts have commented on BGS shares. Piper Sandler dropped their price target on shares of B&G Foods from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday. Evercore ISI reduced their price target on B&G Foods from $10.00 to $9.00 and set an "in-line" rating for the company in a research report on Wednesday, November 6th. TD Cowen lowered their price target on B&G Foods from $8.00 to $7.50 and set a "sell" rating on the stock in a report on Wednesday, November 6th. Finally, Barclays cut their price objective on shares of B&G Foods from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, B&G Foods presently has an average rating of "Hold" and an average price target of $8.10.

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B&G Foods Company Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.