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

B&G Foods (NYSE:BGS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.650-0.750 for the period, compared to the consensus 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.

B&G Foods Stock Performance

Shares of B&G Foods stock opened at $7.02 on Thursday. B&G Foods has a 12 month low of $5.45 and a 12 month high of $11.97. The business has a fifty day simple moving average of $6.59 and a two-hundred day simple moving average of $7.50. The firm has a market capitalization of $555.73 million, a P/E ratio of -20.65 and a beta of 0.50. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40.

B&G Foods (NYSE:BGS) last released 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. The business had revenue of $551.57 million during the quarter, compared to the consensus estimate of $547.95 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. On average, equities analysts forecast that B&G Foods will post 0.7 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

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 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 dividend yield of 10.83%. B&G Foods’s dividend payout ratio is currently -23.90%.

Analysts Set New Price Targets

BGS has been the subject of a number of recent research reports. 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. Piper Sandler cut their price target on B&G Foods from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday. 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, Evercore ISI cut 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 note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, B&G Foods has an average rating of “Hold” and a consensus price target of $8.10.

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.