Bunge Limited (BG) Posts Quarterly Earnings Results, Misses Expectations By $0.89 EPS
Bunge Limited (NYSE:BG) posted its earnings results on Wednesday. The basic materials company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.89), Bloomberg Earnings reports. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The firm had revenue of $11.42 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s dividend payout ratio is currently 53.64%.
Several research firms have recently weighed in on BG. Citigroup Inc. lowered shares of Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a report on Thursday, September 28th. Zacks Investment Research raised shares of Bunge Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $84.00 target price on shares of Bunge Limited in a report on Friday, July 21st. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $90.00 target price on shares of Bunge Limited in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Bunge Limited currently has a consensus rating of “Hold” and an average price target of $81.86.
Bunge Limited Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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