BGSF (NYSE:BGSF) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

BGSF (NYSE:BGSF) posted its quarterly earnings data on Friday. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01, Zacks reports. BGSF had a negative net margin of 2.81% and a negative return on equity of 9.06%. The business had revenue of $26.90 million for the quarter, compared to analyst estimates of $25.50 million.

BGSF Stock Up 8.4%

NYSE BGSF traded up $0.28 during trading on Friday, hitting $3.55. 173,193 shares of the company traded hands, compared to its average volume of 73,837. BGSF has a 12 month low of $2.91 and a 12 month high of $8.22. The business has a fifty day simple moving average of $5.09 and a 200 day simple moving average of $5.20. The company has a market capitalization of $39.61 million, a P/E ratio of -6.11 and a beta of 1.21. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.49.

BGSF Dividend Announcement

The firm also recently declared a special dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, October 1st.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BGSF. Zacks Research raised BGSF to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded BGSF from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BGSF in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, BGSF presently has an average rating of “Moderate Buy” and an average price target of $9.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BGSF stock. Vanguard Group Inc. raised its position in shares of BGSF, Inc. (NYSE:BGSF) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,706 shares of the company’s stock after acquiring an additional 10,546 shares during the period. Vanguard Group Inc. owned approximately 4.81% of BGSF worth $3,818,000 as of its most recent SEC filing. 37.19% of the stock is currently owned by institutional investors.

BGSF Company Profile

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.