B&G Foods (NYSE:BGS) posted its quarterly earnings data on Tuesday. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01, Bloomberg Earnings reports. B&G Foods had a return on equity of 15.50% and a net margin of 6.29%. The company had revenue of $473.70 million during the quarter, compared to analyst estimates of $482.51 million. During the same period in the previous year, the business earned $0.29 EPS. B&G Foods’s quarterly revenue was up 14.5% on a year-over-year basis. B&G Foods updated its FY18 guidance to $2.05-2.25 EPS.
B&G Foods (NYSE BGS) traded down $0.75 during mid-day trading on Tuesday, hitting $31.20. The stock had a trading volume of 1,560,000 shares, compared to its average volume of 946,150. The company has a quick ratio of 1.06, a current ratio of 3.24 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $2,070.00, a price-to-earnings ratio of 20.53 and a beta of 0.02. B&G Foods has a 1-year low of $29.50 and a 1-year high of $43.80.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be given a $0.465 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 5.96%. B&G Foods’s dividend payout ratio (DPR) is presently 122.37%.
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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