Bunge Global (NYSE:BG – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.000-9.000 for the period, compared to the consensus earnings per share estimate of 9.390. The company issued revenue guidance of -. Bunge Global also updated its FY24 guidance to approx $9.00 EPS.
Analysts Set New Price Targets
A number of brokerages recently commented on BG. The Goldman Sachs Group lowered their price objective on Bunge Global from $141.00 to $126.00 and set a buy rating for the company in a research note on Tuesday, February 13th. HSBC upgraded Bunge Global from a hold rating to a buy rating and lowered their price objective for the stock from $122.00 to $105.00 in a research note on Friday, February 9th. Robert W. Baird reduced their price target on Bunge Global from $125.00 to $108.00 and set a neutral rating for the company in a research report on Tuesday, January 23rd. StockNews.com lowered Bunge Global from a buy rating to a hold rating in a research report on Monday, February 26th. Finally, Citigroup boosted their price target on Bunge Global from $117.00 to $122.00 and gave the stock a buy rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $121.00.
Get Our Latest Analysis on Bunge Global
Bunge Global Trading Down 1.3 %
Bunge Global (NYSE:BG – Get Free Report) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.49. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The business had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same quarter last year, the business posted $3.26 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. On average, sell-side analysts expect that Bunge Global will post 9.03 earnings per share for the current fiscal year.
Bunge Global Company Profile
Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.
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