BGSF (NYSE:BGSF) Posts Earnings Results, Beats Estimates By $0.08 EPS

BGSF (NYSE:BGSFGet Rating) posted its earnings results on Wednesday. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08, Fidelity Earnings reports. BGSF had a net margin of 9.88% and a return on equity of 18.43%. During the same quarter in the previous year, the company earned $0.33 EPS.

BGSF Stock Down 1.7 %

Shares of NYSE:BGSF traded down $0.23 during midday trading on Friday, reaching $13.05. The company had a trading volume of 21,231 shares, compared to its average volume of 25,840. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.05 and a quick ratio of 2.05. The stock’s fifty day moving average price is $12.49 and its 200-day moving average price is $12.97. The stock has a market capitalization of $136.63 million, a P/E ratio of 4.78, a PEG ratio of 0.57 and a beta of 2.02. BGSF has a one year low of $11.61 and a one year high of $15.65.

BGSF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Monday, August 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.60%. BGSF’s dividend payout ratio (DPR) is presently 21.98%.

Institutional Trading of BGSF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in BGSF by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 275,046 shares of the company’s stock valued at $3,622,000 after purchasing an additional 14,920 shares during the last quarter. LSV Asset Management increased its stake in BGSF by 20.9% during the first quarter. LSV Asset Management now owns 205,656 shares of the company’s stock valued at $2,708,000 after purchasing an additional 35,484 shares during the last quarter. Bank of New York Mellon Corp increased its stake in BGSF by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 81,281 shares of the company’s stock valued at $1,070,000 after purchasing an additional 2,185 shares during the last quarter. State Street Corp increased its stake in BGSF by 9.0% during the first quarter. State Street Corp now owns 37,697 shares of the company’s stock valued at $496,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Mariner LLC bought a new stake in BGSF during the first quarter valued at $236,000. Institutional investors own 41.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. TheStreet cut shares of BGSF from a “b” rating to a “c” rating in a research report on Friday, May 27th. StockNews.com initiated coverage on shares of BGSF in a research note on Monday, August 1st. They issued a “buy” rating for the company.

BGSF Company Profile

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BGSF, Inc provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel.

Further Reading

Earnings History for BGSF (NYSE:BGSF)

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