BG Staffing Inc (BGSF) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

BG Staffing Inc (NASDAQ:BGSF) issued its quarterly earnings data on Monday. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03), Bloomberg Earnings reports. BG Staffing had a return on equity of 22.69% and a net margin of 3.32%.

Shares of BG Staffing (BGSF) opened at 17.775 on Tuesday. The firm has a 50 day moving average price of $17.11 and a 200 day moving average price of $16.65. The firm has a market cap of $155.69 million and a P/E ratio of 19.237. BG Staffing has a 1-year low of $11.23 and a 1-year high of $18.85.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Thursday, November 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Wednesday, November 1st.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System bought a new position in shares of BG Staffing during the 2nd quarter worth about $214,000. Northern Trust Corp boosted its position in shares of BG Staffing by 81.7% during the 2nd quarter. Northern Trust Corp now owns 24,589 shares of the company’s stock worth $428,000 after purchasing an additional 11,059 shares in the last quarter. Finally, State Street Corp bought a new position in shares of BG Staffing during the 2nd quarter worth about $1,123,000.

Separately, Zacks Investment Research downgraded BG Staffing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd.

BG Staffing Company Profile

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

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