BG Staffing Inc (NYSEAMERICAN:BGSF) – Equities researchers at Taglich Brothers increased their Q1 2019 earnings per share (EPS) estimates for shares of BG Staffing in a report released on Tuesday, November 6th. Taglich Brothers analyst H. Halpern now expects that the business services provider will post earnings per share of $0.28 for the quarter, up from their prior forecast of $0.25. Taglich Brothers also issued estimates for BG Staffing’s Q3 2019 earnings at $0.68 EPS and Q4 2019 earnings at $0.51 EPS.
BG Staffing (NYSEAMERICAN:BGSF) last issued its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The business had revenue of $77.06 million during the quarter, compared to analyst estimates of $76.39 million.
Shares of BGSF opened at $25.65 on Friday. BG Staffing has a 52-week low of $15.25 and a 52-week high of $29.59.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Monday, November 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, November 2nd.
In related news, Director Richard L. Baum, Jr. sold 14,000 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $28.00, for a total value of $392,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider L. Allen Jr. Baker sold 87,956 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $24.12, for a total value of $2,121,498.72. The disclosure for this sale can be found here. Insiders have sold 225,406 shares of company stock worth $5,853,197 over the last ninety days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Globeflex Capital L P purchased a new stake in BG Staffing in the 2nd quarter valued at $109,000. Bank of America Corp DE grew its stake in BG Staffing by 83.2% in the 2nd quarter. Bank of America Corp DE now owns 5,995 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 2,722 shares during the period. Bank of Montreal Can bought a new position in BG Staffing in the 2nd quarter valued at $191,000. First Trust Advisors LP bought a new position in BG Staffing in the 2nd quarter valued at $214,000. Finally, Financial Gravity Wealth Inc. bought a new position in BG Staffing in the 3rd quarter valued at $224,000.
BG Staffing Company Profile
BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.
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