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

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

B&G Foods Price Performance

NYSE BGS traded down $0.25 during trading on Friday, hitting $6.70. 3,792,346 shares of the stock traded hands, compared to its average volume of 1,714,688. The company has a market capitalization of $530.00 million, a P/E ratio of -19.69 and a beta of 0.50. The firm has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $7.49. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. B&G Foods has a 12-month low of $5.45 and a 12-month high of $11.97.

B&G Foods Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BGS shares. Evercore ISI reduced their price objective on shares of B&G Foods from $10.00 to $9.00 and set an "in-line" rating for the company in a research note on Wednesday, November 6th. TD Cowen cut their price target on B&G Foods from $8.00 to $7.50 and set a "sell" rating for the company in a research note on Wednesday, November 6th. Barclays cut their price target on B&G Foods from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Finally, Piper Sandler cut their target price on B&G Foods from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company 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.