B&G Foods (BGS) Given Daily Media Sentiment Score of 0.12
Media stories about B&G Foods (NYSE:BGS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. B&G Foods earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.3515099997158 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- FY2017 EPS Estimates for B&G Foods, Inc. Raised by William Blair (BGS) (americanbankingnews.com)
- B&G Foods, Inc. (BGS) Turns into Intentions Seekers Complement Chicago Bridge & Iron (CBI), The Procter & Gamble … – Investing News Update (investingbizz.com)
- Versatile Ratio figures at Street: B&G Foods, Inc. (NYSE:BGS), Avis Budget Group, Inc. (NASDAQ:CAR) – Investing News Update (investingbizz.com)
- B&G Foods Completes Acquisition Of Back to Nature Foods Company – VendingMarketWatch (vendingmarketwatch.com)
- B&G Foods, Inc. – Value Analysis (NYSE:BGS) : October 4, 2017 (finance.yahoo.com)
Shares of B&G Foods (BGS) traded up 0.385% during trading on Thursday, hitting $32.625. The stock had a trading volume of 130,001 shares. B&G Foods has a 1-year low of $29.50 and a 1-year high of $49.15. The firm has a market capitalization of $2.17 billion, a P/E ratio of 21.407 and a beta of 0.11. The stock’s 50-day moving average price is $31.32 and its 200 day moving average price is $36.55.
B&G Foods (NYSE:BGS) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). The company had revenue of $368.10 million during the quarter, compared to analysts’ expectations of $376.45 million. B&G Foods had a return on equity of 15.43% and a net margin of 6.64%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, analysts anticipate that B&G Foods will post $2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a $0.465 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.86 annualized dividend and a dividend yield of 5.72%. B&G Foods’s dividend payout ratio (DPR) is 122.37%.
BGS has been the subject of several recent research reports. Barclays PLC reduced their price target on B&G Foods from $46.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 8th. Zacks Investment Research cut B&G Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group set a $36.00 price target on B&G Foods and gave the company a “hold” rating in a research report on Saturday, August 5th. BidaskClub upgraded B&G Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reduced their price target on B&G Foods from $45.00 to $39.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.50.
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B&G Foods Company Profile
B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products.
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