B&G Foods (NYSE:BGS) Releases FY 2025 Earnings Guidance

B&G Foods (NYSE:BGS - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 0.650-0.750 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Cowen lowered their price target on shares of B&G Foods from $8.00 to $7.50 and set a "sell" rating for the company in a research report on Wednesday, November 6th. Piper Sandler reduced their price objective on shares of B&G Foods from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday. 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. Finally, Barclays reduced their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $8.10.

B&G Foods Stock Down 3.5 %

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

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B&G Foods (NYSE:BGS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. 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 analyst estimates of $547.95 million. On average, sell-side analysts expect that B&G Foods will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

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

About B&G Foods

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.