BGSF (NYSE:BGSF) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

BGSF (NYSE:BGSF) announced its quarterly earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15), Zacks reports. The company had revenue of $68.14 million during the quarter, compared to analysts’ expectations of $74.00 million. BGSF had a net margin of 1.78% and a return on equity of 9.74%. During the same quarter in the prior year, the company earned $0.24 earnings per share.

BGSF Stock Performance

Shares of NYSE:BGSF traded down $0.19 during trading on Friday, reaching $8.47. The company had a trading volume of 11,394 shares, compared to its average volume of 26,766. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.09 and a quick ratio of 2.09. The stock’s fifty day moving average price is $8.06 and its 200 day moving average price is $8.83. BGSF has a fifty-two week low of $6.40 and a fifty-two week high of $11.70. The firm has a market capitalization of $92.80 million, a price-to-earnings ratio of 16.29 and a beta of 1.61.

Analyst Ratings Changes

Separately, StockNews.com lowered BGSF from a “buy” rating to a “hold” rating in a research report on Friday, June 14th.

Insider Activity at BGSF

In related news, Director C. David Allen, Jr. bought 4,329 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $7.17 per share, for a total transaction of $31,038.93. Following the transaction, the director now owns 73,869 shares of the company’s stock, valued at $529,640.73. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director C. David Allen, Jr. purchased 4,329 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average price of $7.17 per share, with a total value of $31,038.93. Following the purchase, the director now directly owns 73,869 shares of the company’s stock, valued at approximately $529,640.73. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John R. Barnett acquired 6,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average cost of $6.76 per share, for a total transaction of $40,560.00. Following the completion of the purchase, the chief financial officer now owns 12,375 shares in the company, valued at approximately $83,655. The disclosure for this purchase can be found here. Insiders have bought a total of 16,338 shares of company stock worth $111,762 in the last three months. Insiders own 7.00% of the company’s stock.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.