BG Staffing (BGSF) Scheduled to Post Quarterly Earnings on Tuesday
BG Staffing (NYSEAMERICAN:BGSF) will be announcing its earnings results before the market opens on Tuesday, October 30th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
BG Staffing (NYSEAMERICAN:BGSF) last issued its quarterly earnings results on Friday, July 27th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.24. The firm had revenue of $70.95 million during the quarter, compared to the consensus estimate of $72.12 million. BG Staffing had a return on equity of 30.25% and a net margin of 4.40%.
Shares of BGSF opened at $23.53 on Monday. BG Staffing has a 12-month low of $14.65 and a 12-month high of $29.59.
Separately, Zacks Investment Research downgraded BG Staffing from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd.
In related news, Director C. David Allen, Jr. sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $27.84, for a total value of $104,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Baum, Jr. sold 1,598 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $28.00, for a total value of $44,744.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 225,406 shares of company stock valued at $5,853,197.
A hedge fund recently raised its stake in BG Staffing stock. Bank of New York Mellon Corp boosted its stake in BG Staffing Inc (NYSEAMERICAN:BGSF) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,625 shares of the business services provider’s stock after purchasing an additional 5,947 shares during the period. Bank of New York Mellon Corp owned about 1.17% of BG Staffing worth $2,735,000 at the end of the most recent reporting period.
About BG Staffing
BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.
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