B&G Foods, Inc. (BGS) is currently trading at a notably low price-to-earnings (P/E) multiple, which is below the Zacks Food – Miscellaneous industry and broader Consumer Staples averages. With a forward 12-month P/E ratio of 10.69, BGS stands below the industry average of 16.21X and the sector's 17.94X. Image Source: Zacks Investment Research The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the consumer staple sector. Furthermore, BGS' ...

B&G Foods, Inc. (BGS) posted second-quarter 2024 results, wherein both net sales and earnings experienced year-over-year declines. While the bottom line matched the Zacks Consensus Estimate, the top line surpassed the same. Management pulled down its guidance for 2024. B&G Foods is steadfast in its pursuit of enhancing organic growth and refining its portfolio, even amid shortterm challenges in the demand for consumer-packaged foods. The second-quarter results met expectations, with the base business net sa ...

B&G Foods, Inc. (NYSE:BGS) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants AJ Schwab - Senior Associate, Corporate Strategy and Business Development Kenneth Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays William Reuter - Bank of America Rob Dickerson - Jefferies Karru Martinson - Jefferies Michael Lavery - Piper Sandler Carla Casella - J ...

B&G Foods (BGS) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this food producer would post earnings of $0.20 per share when it actually produced earnings of $0.18, delivering a surprise of -10%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. B&G Foods, which belongs to the ...

Exhibit 99.1 B&G Foods Reports Financial Results for Second Quarter 2024 Parsippany, N.J., August 6, 2024—B&G Foods, Inc. (NYSE: BGS) today announced financial results for the second quarter and first two quarters of 2024. Financial results for the second quarter and first two quarters of 2024 reflect the impact of the Green Giant U.S. shelf-stable divestiture during the fourth quarter of 2023. Summary | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|------ ...

B&G Foods, Inc. (BGS) has not been in the best shape lately, with its shares down 19.5% in the past three months compared with the industry's decline of 3.9%. The snack food and beverage products stock also trailed the Zacks Consumer Staples and the S&P 500's respective increase of 2.3% and 12.9% in the same time frame. Image Source: Zacks Investment Research Finishing the last trading session at $8.63, the stock stands 75.6% below its 52-week high of $15.15. This Parsippany, New Jersey-based company's stoc ...

Either there's a persistent issue with the underlying business, impacting future prospects, or there's something really weighing on the company, that cannot be immediately deduced from metrics like price-to-earnings (P/E) or price-to-book (P/B). While seemingly cheap today, these hopeless equities stand a strong chance of becoming even cheaper, due to worsening fundamentals. One can place these stocks into one of two categories. First, value traps are stocks that may seem like deep value on a screener, but ...

There are many dividend stocks that make for great long-term investments, but conversely, there are many dividend stocks to sell before they wreak havoc on your portfolio. The prospect of steady, cash-based returns is one of the main areas of appeal with dividend stocks, particularly high-yield dividend stocks. However, these payouts can be outweighed by the poor performance of the underlying stock. Poor fiscal performance and/or insurmountable headwinds can lead to price declines for shares, which even whe ...

These factors impacted BGS' first-quarter 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate and declined year over year. Management is cautious about fiscal 2024, forecasting declines in net sales and adjusted earnings. Let's discuss this in detail. The food industry has been facing widespread challenges, and B&G Foods is no exception. The company saw sluggish sales in recent quarters and the trend continued into the fiscal first quarter. The decline can be attributed to cha ...

It has been about a month since the last earnings report for B&G Foods (BGS) . Shares have added about 14.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is B&G Foods due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. B&G Foods Q1 Earnings & Sales Lag Estimates, Vol ...