Analysts expect BGSF, Inc. (NYSE:BGSF) to post $82.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BGSF’s earnings. The highest sales estimate is $84.00 million and the lowest is $80.35 million. BGSF posted sales of $69.70 million during the same quarter last year, which suggests a positive year over year growth rate of 17.9%. The company is expected to issue its next quarterly earnings results 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 fiscal year, analysts expect that the firm will report sales of $327.81 million, with estimates ranging from $325.77 million to $329.85 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover BGSF.
BGSF (NYSE:BGSF) last posted its quarterly earnings results on Tuesday, November 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $82.35 million for the quarter, compared to analyst estimates of $81.01 million. During the same period in the prior year, the firm posted $0.35 earnings per share.
NYSE BGSF opened at $13.95 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $13.57 and its two-hundred day moving average price is $12.98. BGSF has a 1 year low of $11.45 and a 1 year high of $16.91. The firm has a market capitalization of $145.09 million, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.54 and a beta of 2.42.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 22nd. Stockholders of record on Monday, November 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, November 12th. BGSF’s payout ratio is presently 45.28%.
In other BGSF news, Director Douglas Hailey purchased 25,000 shares of the stock in a transaction that occurred on Monday, November 8th. The shares were acquired at an average cost of $13.70 per share, with a total value of $342,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Seid purchased 14,000 shares of the stock in a transaction that occurred on Wednesday, November 10th. The shares were acquired at an average cost of $14.03 per share, for a total transaction of $196,420.00. The disclosure for this purchase can be found here. Insiders bought 39,600 shares of company stock worth $548,166 over the last three months. Insiders own 5.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in BGSF during the first quarter worth about $180,000. Susquehanna Fundamental Investments LLC acquired a new stake in BGSF during the second quarter worth about $492,000. Globeflex Capital L P grew its stake in BGSF by 24.6% during the second quarter. Globeflex Capital L P now owns 58,971 shares of the company’s stock worth $728,000 after buying an additional 11,626 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BGSF during the second quarter worth about $194,000. Finally, King Luther Capital Management Corp acquired a new stake in BGSF during the second quarter worth about $954,000. 42.78% of the stock is currently owned by institutional investors and hedge funds.
BGSF Company Profile
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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