B&G Foods (BGS) Releases FY18 Earnings Guidance

B&G Foods (NYSE:BGS) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.98-2.05 for the period, compared to the Thomson Reuters consensus estimate of $2.06. The company issued revenue guidance of $1.705-$1.72 billion, compared to the consensus revenue estimate of $1.73 billion.

A number of research analysts recently issued reports on the company. ValuEngine upgraded B&G Foods from a strong sell rating to a sell rating in a report on Friday, October 19th. Zacks Investment Research lowered B&G Foods from a hold rating to a sell rating in a report on Tuesday, August 7th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $39.00 target price on shares of B&G Foods in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $34.13.

NYSE:BGS traded up $0.43 during midday trading on Tuesday, reaching $27.11. The company had a trading volume of 900,700 shares, compared to its average volume of 986,643. The firm has a market cap of $1.74 billion, a PE ratio of 12.79 and a beta of 0.47. B&G Foods has a 12-month low of $22.00 and a 12-month high of $39.75. The company has a current ratio of 3.73, a quick ratio of 1.31 and a debt-to-equity ratio of 2.51.

B&G Foods (NYSE:BGS) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). B&G Foods had a net margin of 11.23% and a return on equity of 16.12%. The business had revenue of $388.40 million during the quarter, compared to analyst estimates of $386.91 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that B&G Foods will post 2.09 EPS for the current year.

About B&G Foods

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in 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 vinegars, maple syrups, 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, cookies and crackers, nut clusters, and other specialty products.

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Earnings History and Estimates for B&G Foods (NYSE:BGS)

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