B&G Foods, Inc. (NYSE:BGS) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.66 per share.
For the full year, analysts predict revenues of $ 1941.89 million, while looking forward to income of $ 2.22 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,660.00 million ~ $ 1,680.00 million, where as bottomline are predicted in a range of $ 1.60 ~ $ 1.80 per share
Click Here For More Historical Outlooks Of B&G Foods, Inc.
Previous Quarter Performance
B&G Foods, Inc. reported income for the second quarter of $ 0.71 per share, from the revenue of $ 512.54 million. The quarterly earnings improved 86.84 percent compared with the same quarter last year. Wall street analysts are predicting, BGS to report 2Q20 income of $ 0.61 per share from revenue of $ 501.95 million. The bottom line results beat street analysts by $ 0.1 or 16.39 percent, at the same time, top line results outshined analysts by $ 10.59 million or 2.11 percent.
Stock Performance
Shares of B&G Foods, Inc. traded low $ -0.70 or -2.44 percent on Wednesday, reaching $ 28.03 with volume of 1.03 million shares. B&G Foods, Inc. has traded high as $ 28.93 and has cracked $ 27.92 on the downward trend
The closing price of $ 28.03, representing a 176.52 % increase from the 52 week low of $ 10.39 and a 10.02 % decrease over the 52 week high of $ 31.93.
The company has a market capital of $ 1.80 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.475 per share to holders of record as of the close of business on September 30, 2020, with payment date of October 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
B&G Foods, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bgfoods.com
B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, 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, cookies and crackers, nut clusters, and other specialty products.
