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.

B&G Foods Stock Up 1.7 %

Shares of B&G Foods stock opened at $6.86 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. The stock has a 50 day moving average price of $6.59 and a two-hundred day moving average price of $7.50. The stock has a market capitalization of $542.64 million, a P/E ratio of -20.16 and a beta of 0.50. B&G Foods has a 12-month low of $5.45 and a 12-month high of $11.97.

B&G Foods (NYSE:BGS) last released its earnings results on Tuesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that B&G Foods will post 0.7 earnings per share for the current year.

B&G Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 11.09%. B&G Foods’s dividend payout ratio is presently -223.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays dropped their target price on shares of B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Evercore ISI dropped their price objective on 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. Finally, TD Cowen lowered their price target on shares of B&G Foods from $8.00 to $7.50 and set a “sell” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.30.

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.