$77.70 Million in Sales Expected for BG Staffing Inc (BGSF) This Quarter

Analysts expect BG Staffing Inc (NASDAQ:BGSF) to report sales of $77.70 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for BG Staffing’s earnings. The highest sales estimate is $79.63 million and the lowest is $75.77 million. BG Staffing posted sales of $67.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.3%. The business is expected to issue its next quarterly earnings report on Monday, October 30th.

According to Zacks, analysts expect that BG Staffing will report full-year sales of $77.70 million for the current fiscal year, with estimates ranging from $272.73 million to $281.19 million. For the next year, analysts anticipate that the firm will post sales of $294.56 million per share, with estimates ranging from $288.15 million to $300.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for BG Staffing.

BG Staffing (NASDAQ:BGSF) last released its earnings results on Thursday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $68.77 million during the quarter, compared to analyst estimates of $70.05 million. BG Staffing had a net margin of 2.29% and a return on equity of 13.02%.

A number of research firms have recently issued reports on BGSF. Zacks Investment Research raised shares of BG Staffing from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, August 1st. TheStreet raised shares of BG Staffing from a “c” rating to an “a” rating in a report on Friday, May 5th.

Several large investors have recently made changes to their positions in BGSF. New York State Common Retirement Fund purchased a new stake in shares of BG Staffing during the second quarter worth about $129,000. Royal Bank of Canada purchased a new stake in shares of BG Staffing during the second quarter worth about $174,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of BG Staffing during the second quarter worth about $192,000. California State Teachers Retirement System purchased a new stake in shares of BG Staffing during the second quarter worth about $214,000. Finally, Teachers Advisors LLC purchased a new stake in shares of BG Staffing during the second quarter worth about $233,000.

Shares of BG Staffing (NASDAQ BGSF) opened at 15.38 on Friday. The stock has a 50 day moving average of $16.71 and a 200 day moving average of $15.63. The company has a market cap of $134.71 million and a price-to-earnings ratio of 16.65. BG Staffing has a 12-month low of $11.23 and a 12-month high of $18.85.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend was Thursday, July 27th.

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BG Staffing Company Profile

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

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