BGSF (NYSE:BGSF) Posts Earnings Results, Misses Estimates By $0.15 EPS

BGSF (NYSE:BGSF) released its earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15), Zacks reports. The business had revenue of $68.14 million during the quarter, compared to analysts’ expectations of $74.00 million. BGSF had a return on equity of 9.74% and a net margin of 1.78%. During the same quarter in the previous year, the business earned $0.24 EPS.

BGSF Stock Performance

NYSE BGSF traded down $0.19 on Friday, hitting $8.47. 11,394 shares of the company’s stock traded hands, compared to its average volume of 26,766. BGSF has a 1-year low of $6.40 and a 1-year high of $11.70. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $92.80 million, a PE ratio of 16.29 and a beta of 1.61. The firm’s 50-day moving average price is $8.06 and its two-hundred day moving average price is $8.83.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of BGSF from a “buy” rating to a “hold” rating in a research note on Friday, June 14th.

Insider Transactions at BGSF

In related news, Director C. David Allen, Jr. purchased 4,329 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average cost of $7.17 per share, with a total value of $31,038.93. Following the purchase, the director now owns 73,869 shares of the company’s stock, valued at approximately $529,640.73. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director C. David Allen, Jr. acquired 4,329 shares of BGSF stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average price of $7.17 per share, for a total transaction of $31,038.93. Following the completion of the transaction, the director now owns 73,869 shares in the company, valued at approximately $529,640.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John R. Barnett purchased 6,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of $6.76 per share, with a total value of $40,560.00. Following the purchase, the chief financial officer now owns 12,375 shares in the company, valued at $83,655. The disclosure for this purchase can be found here. Insiders have bought 16,338 shares of company stock valued at $111,762 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

About BGSF

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.