$12.49 Billion in Sales Expected for Bunge Limited (BG) This Quarter
Wall Street brokerages expect Bunge Limited (NYSE:BG) to post sales of $12.49 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bunge Limited’s earnings, with the highest sales estimate coming in at $12.54 billion and the lowest estimate coming in at $12.45 billion. Bunge Limited reported sales of $12.06 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Bunge Limited will report full-year sales of $12.49 billion for the current year, with estimates ranging from $45.53 billion to $47.18 billion. For the next year, analysts anticipate that the firm will post sales of $47.26 billion per share, with estimates ranging from $46.04 billion to $48.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Bunge Limited.
Bunge Limited (NYSE:BG) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). The business had revenue of $11.42 billion during the quarter, compared to the consensus estimate of $11.87 billion. Bunge Limited had a return on equity of 6.68% and a net margin of 1.06%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share.
BG has been the subject of several recent research reports. Credit Suisse Group set a $90.00 target price on shares of Bunge Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Bunge Limited from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $86.00 price objective on shares of Bunge Limited in a report on Tuesday, September 5th. BidaskClub downgraded shares of Bunge Limited from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $77.00 price objective on shares of Bunge Limited in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Bunge Limited currently has an average rating of “Hold” and a consensus target price of $81.86.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Bunge Limited by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock valued at $1,077,980,000 after purchasing an additional 1,224,073 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bunge Limited by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,201,141 shares of the basic materials company’s stock valued at $152,892,000 after purchasing an additional 42,428 shares during the period. York Capital Management Global Advisors LLC bought a new stake in Bunge Limited in the 2nd quarter valued at $136,703,000. Boussard & Gavaudan Investment Management LLP bought a new stake in Bunge Limited in the 2nd quarter valued at $86,883,000. Finally, TIAA CREF Investment Management LLC boosted its holdings in Bunge Limited by 15.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,092,286 shares of the basic materials company’s stock valued at $81,485,000 after purchasing an additional 146,806 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.
Bunge Limited (NYSE BG) traded down $0.09 during mid-day trading on Wednesday, reaching $66.22. 938,000 shares of the company’s stock traded hands, compared to its average volume of 1,262,885. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. The company has a market capitalization of $9,323.76, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06. Bunge Limited has a 12 month low of $65.85 and a 12 month high of $83.75.
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About Bunge Limited
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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