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

B&G Foods (NYSE:BGS) posted its quarterly earnings results on Tuesday. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 Stock Up 2.8 %

BGS stock opened at $7.02 on Thursday. 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 has a 1 year low of $5.45 and a 1 year high of $11.97. The company has a fifty day simple moving average of $6.59 and a 200 day simple moving average of $7.50. The firm has a market cap of $555.73 million, a PE ratio of -20.65 and a beta of 0.50.

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.83%. The ex-dividend date of this dividend is Monday, March 31st. B&G Foods’s payout ratio is presently -23.90%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BGS. Barclays lowered their price target on shares of B&G Foods from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. TD Cowen lowered their price target on shares of B&G Foods from $8.00 to $7.50 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Piper Sandler lowered 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 report on Wednesday. Finally, Evercore ISI lowered their price target on shares of B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.