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 (EPS) guidance of 0.650-0.750 for the period, compared to the consensus 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 Analyst Weigh In

A number of research firms have commented on BGS. Barclays decreased their target price 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. TD Cowen lowered 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. Finally, Evercore ISI decreased their target price on shares of B&G Foods from $10.00 to $9.00 and set an “in-line” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.30.

B&G Foods Stock Performance

Shares of BGS traded up $0.12 during mid-day trading on Tuesday, hitting $6.86. The stock had a trading volume of 2,572,143 shares, compared to its average volume of 1,569,526. The business has a fifty day moving average price of $6.61 and a 200-day moving average price of $7.51. The firm has a market cap of $542.64 million, a P/E ratio of -20.16 and a beta of 0.50. 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 52 week low of $5.45 and a 52 week high of $11.97.

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

B&G Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend 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.