Equities analysts expect BGSF, Inc. (NYSE:BGSF) to post $82.18 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for BGSF’s earnings, with the lowest sales estimate coming in at $80.35 million and the highest estimate coming in at $84.00 million. BGSF reported sales of $69.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17.9%. The company is scheduled to report its next quarterly earnings report on Thursday, March 10th.
According to Zacks, analysts expect that BGSF will report full-year sales of $306.64 million for the current year, with estimates ranging from $304.81 million to $308.46 million. For the next financial year, analysts forecast that the company will report sales of $327.81 million, with estimates ranging from $325.77 million to $329.85 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow BGSF.
BGSF (NYSE:BGSF) last released its earnings results on Tuesday, November 2nd. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.13. BGSF had a net margin of 3.74% and a return on equity of 18.41%. The business had revenue of $82.35 million during the quarter, compared to analysts’ expectations of $81.01 million. During the same quarter last year, the company earned $0.35 earnings per share.
Shares of NYSE BGSF traded up $0.39 during mid-day trading on Tuesday, hitting $14.16. The company had a trading volume of 10,423 shares, compared to its average volume of 22,650. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.10 and a quick ratio of 2.10. The business’s 50-day simple moving average is $14.24 and its 200-day simple moving average is $13.18. BGSF has a 12 month low of $11.45 and a 12 month high of $16.91. The firm has a market cap of $147.26 million, a P/E ratio of 13.36, a PEG ratio of 0.47 and a beta of 2.39.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 22nd. Shareholders of record on Monday, November 15th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, November 12th. BGSF’s dividend payout ratio is 45.28%.
In other BGSF news, Director Douglas Hailey purchased 25,000 shares of the business’s stock in a transaction on Monday, November 8th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $342,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Seid acquired 14,000 shares of the company’s stock in a transaction dated Wednesday, November 10th. The shares were purchased at an average cost of $14.03 per share, with a total value of $196,420.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 39,600 shares of company stock valued at $548,166. Corporate insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilen Investment Management CORP. acquired a new stake in shares of BGSF during the third quarter worth approximately $27,000. Beacon Pointe Advisors LLC acquired a new stake in shares of BGSF during the second quarter worth approximately $130,000. Victory Capital Management Inc. increased its holdings in shares of BGSF by 55.3% during the second quarter. Victory Capital Management Inc. now owns 11,604 shares of the company’s stock worth $143,000 after buying an additional 4,134 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of BGSF by 14.9% during the second quarter. Royal Bank of Canada now owns 12,822 shares of the company’s stock worth $158,000 after buying an additional 1,663 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of BGSF by 34.5% during the second quarter. Commonwealth Equity Services LLC now owns 15,096 shares of the company’s stock worth $186,000 after buying an additional 3,871 shares in the last quarter. 42.43% of the stock is owned by institutional investors.
BGSF, Inc engages in the provision of staffing services. It operates through the following segments: Real Estate, Professional, and Light Industrial. The Real Estate segment provides office and maintenance field talent to apartment communities and commercial buildings. The Professional segment provides IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management and other IT staffing skills to client partners on a national basis.
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