Bunge Limited (NYSE:BG) issued its earnings results on Wednesday. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04), Bloomberg Earnings reports. The firm had revenue of $11.42 billion for the quarter, compared to analyst estimates of $11.87 billion. Bunge Limited had a return on equity of 6.75% and a net margin of 1.06%. Bunge Limited’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.66%. Bunge Limited’s payout ratio is 57.68%.
BG has been the subject of a number of analyst reports. Zacks Investment Research lowered Bunge Limited from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $86.00 price target on shares of Bunge Limited in a research report on Tuesday, September 5th. Credit Suisse Group set a $90.00 price target on Bunge Limited and gave the company a “buy” rating in a research report on Tuesday, July 18th. Vertical Group downgraded Bunge Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Robert W. Baird restated a “hold” rating and issued a $77.00 price objective on shares of Bunge Limited in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.86.
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About Bunge Limited
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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