BGSF (NYSE:BGSF) Issues Earnings Results, Beats Expectations By $0.01 EPS

BGSF (NYSE:BGSF) released its quarterly earnings results on Friday, November 7th. The company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01, Zacks reports. BGSF had a negative return on equity of 13.16% and a negative net margin of 6.32%.The business had revenue of $26.89 million during the quarter, compared to analysts’ expectations of $25.50 million.

BGSF Stock Performance

NYSE BGSF traded down $0.04 during trading on Thursday, reaching $4.54. The company’s stock had a trading volume of 27,836 shares, compared to its average volume of 105,089. The business’s fifty day moving average price is $4.12 and its 200-day moving average price is $5.29. BGSF has a twelve month low of $2.91 and a twelve month high of $8.22. The firm has a market cap of $50.84 million, a price-to-earnings ratio of -4.41 and a beta of 0.75.

BGSF Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, October 1st.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BGSF. Zacks Research upgraded shares of BGSF to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen raised BGSF from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BGSF in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Institutional Investors Weigh In On BGSF

An institutional investor recently raised its stake in BGSF stock. Vanguard Group Inc. grew its holdings in shares of BGSF, Inc. (NYSE:BGSF) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 537,706 shares of the company’s stock after purchasing an additional 10,546 shares during the period. Vanguard Group Inc. owned approximately 4.81% of BGSF worth $3,818,000 at the end of the most recent reporting period. 37.19% of the stock is owned by hedge funds and other institutional investors.

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.