Bunge Limited (NYSE:BG) will issue its quarterly earnings data before the market opens on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.70 per share for the quarter.
Bunge Limited (NYSE:BG) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.33. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The company had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $8.96 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts expect Bunge Limited to post $5.03 EPS for the current fiscal year and $6.69 EPS for the next fiscal year.
Shares of Bunge Limited (NYSE:BG) opened at 80.59 on Wednesday. The stock’s 50 day moving average is $77.32 and its 200 day moving average is $75.82. Bunge Limited has a 52 week low of $58.19 and a 52 week high of $83.75. The stock has a market capitalization of $11.31 billion, a PE ratio of 21.39 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, August 18th. This is a positive change from Bunge Limited’s previous quarterly dividend of $0.42. Bunge Limited’s dividend payout ratio is currently 45.41%.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Bunge Limited from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies reiterated a “buy” rating and issued a $84.00 price objective on shares of Bunge Limited in a research note on Friday, July 21st. Credit Suisse Group set a $90.00 price objective on shares of Bunge Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. Citigroup Inc. dropped their price objective on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, July 12th. Finally, J P Morgan Chase & Co lowered shares of Bunge Limited to a “neutral - underweight” rating and set a $70.00 price objective on the stock. in a research note on Tuesday, July 4th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Bunge Limited has an average rating of “Buy” and a consensus target price of $84.50.
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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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