Bunge Global (BG) to Release Quarterly Earnings on Wednesday

Bunge Global (NYSE:BG) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Bunge Global to post earnings of $2.30 per share and revenue of $13.18 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $77.28 on Wednesday. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 9.78 and a beta of 0.70. The company has a fifty day moving average of $81.72 and a 200-day moving average of $91.69. Bunge Global has a 52-week low of $75.75 and a 52-week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BG. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Stephens raised Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.33.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.