BGSF, Inc. to Post Q2 2023 Earnings of $0.19 Per Share, Taglich Brothers Forecasts (NYSE:BGSF)

Posted by on May 19th, 2023

BGSF, Inc. (NYSE:BGSF – Get Rating) – Research analysts at Taglich Brothers cut their Q2 2023 earnings per share estimates for BGSF in a research note issued on Monday, May 15th. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.31. The consensus estimate for BGSF’s current full-year earnings is $1.16 per share. Taglich Brothers also issued estimates for BGSF’s FY2023 earnings at $1.11 EPS and Q1 2024 earnings at $0.18 EPS.

A number of other brokerages have also recently commented on BGSF. StockNews.com initiated coverage on BGSF in a report on Thursday. They set a “hold” rating for the company. TheStreet downgraded BGSF from a “b-” rating to a “c+” rating in a research note on Monday, May 8th.

BGSF Stock Performance

NYSE:BGSF opened at $9.01 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.90 and a current ratio of 2.90. The stock has a market capitalization of $97.49 million, a PE ratio of -14.08, a P/E/G ratio of 0.39 and a beta of 1.78. BGSF has a fifty-two week low of $8.85 and a fifty-two week high of $16.02. The company has a fifty day moving average of $10.11 and a two-hundred day moving average of $12.83.

BGSF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Monday, May 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Friday, May 12th. BGSF’s dividend payout ratio is currently -93.75%.

Institutional Investors Weigh In On BGSF

Several hedge funds and other institutional investors have recently bought and sold shares of BGSF. Advisor Group Holdings Inc. grew its stake in shares of BGSF by 107.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock valued at $39,000 after buying an additional 1,524 shares during the period. Bank of America Corp DE increased its stake in BGSF by 20,372.7% during the first quarter. Bank of America Corp DE now owns 4,504 shares of the company’s stock worth $48,000 after acquiring an additional 4,482 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in BGSF in the third quarter valued at $82,000. Stifel Financial Corp acquired a new position in shares of BGSF in the 1st quarter valued at $123,000. Finally, UBS Group AG grew its holdings in shares of BGSF by 3,816.9% during the 3rd quarter. UBS Group AG now owns 13,474 shares of the company’s stock worth $150,000 after purchasing an additional 13,130 shares during the period. 40.26% of the stock is currently owned by institutional investors and hedge funds.

BGSF Company Profile

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BGSF, Inc engages in providing consulting, managed services, and professional workforce solutions. It operates through the following segments: Real Estate, Professional, and Light Industrial. The Real Estate segment provides office and maintenance field talent to apartment communities and commercial buildings.

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