BG Staffing Inc Expected to Earn Q3 2019 Earnings of $0.43 Per Share (BGSF)

BG Staffing Inc (NYSEAMERICAN:BGSF) – Research analysts at Taglich Brothers lowered their Q3 2019 earnings estimates for shares of BG Staffing in a report released on Monday, May 20th. Taglich Brothers analyst H. Halpern now anticipates that the business services provider will post earnings of $0.43 per share for the quarter, down from their prior estimate of $0.59. Taglich Brothers also issued estimates for BG Staffing’s FY2019 earnings at $1.30 EPS, Q1 2020 earnings at $0.25 EPS and FY2020 earnings at $1.68 EPS.

BG Staffing (NYSEAMERICAN:BGSF) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The firm had revenue of $68.78 million for the quarter, compared to analyst estimates of $69.65 million.

Separately, Zacks Investment Research downgraded shares of BG Staffing from a “hold” rating to a “sell” rating in a research report on Monday, March 18th.

NYSEAMERICAN BGSF opened at $20.17 on Thursday. BG Staffing has a 1-year low of $18.30 and a 1-year high of $29.59.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend was Friday, May 3rd.

A number of institutional investors have recently bought and sold shares of BGSF. American Century Companies Inc. increased its position in BG Staffing by 59.7% during the fourth quarter. American Century Companies Inc. now owns 246,826 shares of the business services provider’s stock worth $5,097,000 after buying an additional 92,235 shares during the last quarter. BlackRock Inc. increased its position in BG Staffing by 24.3% during the third quarter. BlackRock Inc. now owns 468,474 shares of the business services provider’s stock worth $12,743,000 after buying an additional 91,506 shares during the last quarter. Vanguard Group Inc increased its position in BG Staffing by 21.1% during the third quarter. Vanguard Group Inc now owns 435,606 shares of the business services provider’s stock worth $11,849,000 after buying an additional 75,915 shares during the last quarter. Vanguard Group Inc. increased its position in BG Staffing by 21.1% during the third quarter. Vanguard Group Inc. now owns 435,606 shares of the business services provider’s stock worth $11,849,000 after buying an additional 75,915 shares during the last quarter. Finally, Cadence Capital Management LLC acquired a new position in BG Staffing during the first quarter worth $1,637,000.

BG Staffing Company Profile

BG Staffing, Inc provides temporary staffing services in the United States. It operates through three segments: Real Estate, Professional, and Light Industrial. The Real Estate segment offers office and maintenance personnel to the various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, legal, and related support personnel.

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Earnings History and Estimates for BG Staffing (NYSEAMERICAN:BGSF)

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