B&G Foods (NYSE:BGS – Get Free Report) released its earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02), Briefing.com reports. The business had revenue of $475.22 million during the quarter, compared to the consensus estimate of $480.93 million. B&G Foods had a negative net margin of 3.21% and a positive return on equity of 8.68%. The business’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. B&G Foods updated its FY24 guidance to $0.75-0.95 EPS and its FY 2024 guidance to 0.750-0.950 EPS.
B&G Foods Price Performance
Shares of B&G Foods stock traded down $3.27 during trading on Thursday, hitting $8.28. 6,813,360 shares of the stock traded hands, compared to its average volume of 1,042,952. The firm’s fifty day moving average is $11.10 and its 200-day moving average is $10.25. The stock has a market cap of $654.54 million, a price-to-earnings ratio of -10.28 and a beta of 0.70. B&G Foods has a 52 week low of $7.20 and a 52 week high of $15.34. The company has a quick ratio of 0.89, a current ratio of 3.06 and a debt-to-equity ratio of 2.42.
B&G Foods Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 9.18%. B&G Foods’s payout ratio is -86.36%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on B&G Foods
About B&G Foods
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.
See Also
- Five stocks we like better than B&G Foods
- How to invest in blue chip stocks
- Roblox: The Bottom Just Fell Out of the Metaverse
- What is a Dividend King?
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Stock Market Sectors: What Are They and How Many Are There?
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for B&G Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B&G Foods and related companies with MarketBeat.com's FREE daily email newsletter.