FY2024 Earnings Estimate for BGSF Issued By Taglich Brothers

BGSF, Inc. (NYSE:BGSF) – Analysts at Taglich Brothers issued their FY2024 earnings estimates for BGSF in a note issued to investors on Monday, December 2nd. Taglich Brothers analyst H. Halpern expects that the company will post earnings of ($0.29) per share for the year. The consensus estimate for BGSF’s current full-year earnings is ($0.31) per share. Taglich Brothers also issued estimates for BGSF’s Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.02) EPS and Q4 2025 earnings at $0.02 EPS.

BGSF Price Performance

Shares of NYSE BGSF opened at $5.67 on Thursday. The stock has a market cap of $62.48 million, a price-to-earnings ratio of -53.59 and a beta of 1.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $7.31 and its 200 day moving average price is $7.63. BGSF has a 52 week low of $5.20 and a 52 week high of $10.74.

BGSF (NYSE:BGSF) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.18). The business had revenue of $71.19 million during the quarter, compared to analysts’ expectations of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same quarter last year, the company earned $0.36 EPS.

Institutional Trading of BGSF

Several large investors have recently bought and sold shares of the company. Cornerstone Wealth Group LLC acquired a new position in shares of BGSF during the third quarter valued at $131,000. Geode Capital Management LLC lifted its holdings in BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after acquiring an additional 3,092 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in BGSF by 500.0% in the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after acquiring an additional 300,163 shares during the last quarter. Finally, Tieton Capital Management LLC lifted its holdings in BGSF by 15.9% in the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock valued at $4,276,000 after acquiring an additional 68,635 shares during the last quarter. Institutional investors and hedge funds own 37.19% of the company’s stock.

BGSF Company Profile

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.