Q3 2019 EPS Estimates for BG Staffing Inc Decreased by Analyst (NYSEAMERICAN:BGSF)

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BG Staffing Inc (NYSEAMERICAN:BGSF) – Analysts at Taglich Brothers decreased their Q3 2019 earnings per share estimates for shares of BG Staffing in a report issued on Wednesday, August 14th. Taglich Brothers analyst H. Halpern now expects that the business services provider will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.43. Taglich Brothers also issued estimates for BG Staffing’s Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.37 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.49 EPS, Q4 2020 earnings at $0.32 EPS and FY2020 earnings at $1.50 EPS.

Separately, Zacks Investment Research cut BG Staffing from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

Shares of BG Staffing stock opened at $18.37 on Monday. BG Staffing has a 52-week low of $15.91 and a 52-week high of $29.40.

BG Staffing (NYSEAMERICAN:BGSF) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.14. The firm had revenue of $73.86 million during the quarter, compared to the consensus estimate of $74.57 million.

The business also recently declared a dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 9th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of BG Staffing by 18.3% during the second quarter. BlackRock Inc. now owns 653,982 shares of the business services provider’s stock valued at $12,347,000 after buying an additional 101,176 shares during the period. Pacific Ridge Capital Partners LLC increased its position in shares of BG Staffing by 1.0% during the second quarter. Pacific Ridge Capital Partners LLC now owns 280,607 shares of the business services provider’s stock valued at $5,298,000 after buying an additional 2,784 shares during the period. North Star Investment Management Corp. increased its position in shares of BG Staffing by 68.9% during the second quarter. North Star Investment Management Corp. now owns 181,941 shares of the business services provider’s stock valued at $3,435,000 after buying an additional 74,216 shares during the period. Dimensional Fund Advisors LP increased its position in shares of BG Staffing by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 166,964 shares of the business services provider’s stock valued at $3,448,000 after buying an additional 11,303 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of BG Staffing by 9.5% during the second quarter. Bank of New York Mellon Corp now owns 139,573 shares of the business services provider’s stock valued at $2,635,000 after buying an additional 12,111 shares during the period.

About BG Staffing

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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