B&G Foods (NYSE:BGS) Updates FY 2025 Earnings Guidance

B&G Foods (NYSE:BGS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.650-0.750 for the period, compared to the consensus earnings per share estimate of 0.670. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BGS. Evercore ISI decreased their price target on B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 6th. Barclays cut their price objective on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, TD Cowen decreased their target price on B&G Foods from $8.00 to $7.50 and set a “sell” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.30.

B&G Foods Trading Up 1.7 %

Shares of BGS stock traded up $0.12 during trading hours on Tuesday, reaching $6.86. The company had a trading volume of 2,572,143 shares, compared to its average volume of 1,569,526. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. B&G Foods has a 1-year low of $5.45 and a 1-year high of $11.97. The company has a 50 day moving average of $6.61 and a 200 day moving average of $7.51. The firm has a market cap of $542.64 million, a price-to-earnings ratio of -20.16 and a beta of 0.50.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. On average, equities research analysts anticipate that B&G Foods will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 11.09%. B&G Foods’s payout ratio is -223.52%.

About B&G Foods

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., 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, and wine vinegar.