Media coverage about B&G Foods (NYSE:BGS) has trended somewhat positive on Friday, according to Alpha One Sentiment. The research firm, a service of Accern, ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. B&G Foods earned a news sentiment score of 0.19 on Alpha One’s scale. Alpha One also assigned news articles about the company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Alpha One Sentiment’s scoring:
- Royal Bank of Canada Reiterates “Buy” Rating for B&G Foods, Inc. (BGS) (americanbankingnews.com)
- B&G Foods (BGS) Receives Media Impact Rating of 0.44 (americanbankingnews.com)
- $0.57 EPS Expected for B&G Foods, Inc. (BGS) This Quarter (americanbankingnews.com)
- B&G Foods : Announces First Quarter 2017 Earnings Conference Call (4-traders.com)
- B&G Foods Announces First Quarter 2017 Earnings Conference Call (finance.yahoo.com)
BGS has been the subject of a number of research reports. Royal Bank of Canada reissued a “buy” rating and set a $52.00 target price on shares of B&G Foods in a research report on Thursday. Zacks Investment Research downgraded shares of B&G Foods from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Finally, Credit Suisse Group AG raised shares of B&G Foods from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $49.00 to $47.00 in a report on Friday, March 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $49.60.
B&G Foods (NYSE:BGS) traded up 1.43% during mid-day trading on Friday, hitting $42.65. 566,705 shares of the stock traded hands. The company has a market cap of $2.84 billion, a P/E ratio of 24.65 and a beta of 0.05. B&G Foods has a 12 month low of $32.02 and a 12 month high of $52.84. The company’s 50 day moving average is $40.83 and its 200 day moving average is $43.59.
B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.10. The business had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $426 million. B&G Foods had a return on equity of 21.79% and a net margin of 8.09%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. On average, analysts expect that B&G Foods will post $2.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Friday, March 31st will be paid a dividend of $0.465 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 4.42%. B&G Foods’s payout ratio is 107.51%.
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About B&G Foods
B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products.
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