Analysts expect that BG Staffing Inc (NASDAQ:BGSF) will report sales of $73.65 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for BG Staffing’s earnings. The highest sales estimate is $75.95 million and the lowest is $71.35 million. BG Staffing posted sales of $64.28 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.6%. The business is expected to issue its next earnings report on Monday, March 5th.
According to Zacks, analysts expect that BG Staffing will report full-year sales of $73.65 million for the current year, with estimates ranging from $272.73 million to $281.19 million. For the next financial year, analysts forecast that the company will post sales of $294.56 million per share, with estimates ranging from $288.15 million to $300.98 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover BG Staffing.
BG Staffing (NASDAQ:BGSF) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). BG Staffing had a return on equity of 22.69% and a net margin of 3.32%. The company had revenue of $71.28 million during the quarter, compared to the consensus estimate of $77.70 million.
Separately, Zacks Investment Research raised shares of BG Staffing from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, August 1st.
A number of large investors have recently modified their holdings of BGSF. State Street Corp purchased a new stake in shares of BG Staffing in the 2nd quarter valued at approximately $1,123,000. Boston Partners purchased a new stake in shares of BG Staffing in the 2nd quarter valued at approximately $619,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of BG Staffing in the 2nd quarter valued at approximately $426,000. Vanguard Group Inc. lifted its position in shares of BG Staffing by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 334,160 shares of the company’s stock valued at $5,808,000 after acquiring an additional 22,254 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of BG Staffing by 19.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 117,451 shares of the company’s stock valued at $2,041,000 after acquiring an additional 19,440 shares in the last quarter.
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. The ex-dividend date is Wednesday, November 1st. This represents a $1.00 annualized dividend and a dividend yield of Infinity.
About BG Staffing
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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