Streetbeat News

BGSF

BGSF, Inc.

https://bgsf.com

Industry

Staffing & Employment Services

BGSF, Inc. provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel. Its client partners include Fortune 500 companies, and medium and small companies, as well as consulting companies that engage in systems integration projects. The company was formerly known as BG Staffing, Inc. and changed its name to BGSF, Inc. in February 2021. BGSF, Inc. was incorporated in 2007 and is based in Plano, Texas.

Open

7.36

Mkt cap

79M

Volume

12K

High

7.47

P/E Ratio

36.05

52-wk high

10.74

Low

7.20

Div yield

0.04

52-wk low

6.40

BGSF (NYSE:BGSF) reported Q2 2024 adjusted EPS of $0.07, missing the analyst estimate of $0.08 by 12.5%. The company also reported sales of $68.137 million, missing the $74.000 million estimate by 7.92% and marking a 15.67% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:55 pm

In Thursday's intraday session, notable movements were observed in the industrials stocks sector. Blue Bird, Greenwave Tech Solns, Ryde Group, Falcons Beyond Global, Lichen China, and Plug Power experienced significant gains, attributed to recent earnings reports for some. Conversely, Forward Air, Alta Equipment Group, BGSF, Energy Vault Holdings, Paycor HCM, and Safe & Green Holdings saw notable declines, largely due to their latest earnings reports.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:31 pm

BGSF shares are trading lower following the announcement of disappointing Q1 sales results. Additionally, the company is exploring potential strategic alternatives and has suspended its quarterly cash dividend.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:25 pm

In Thursday's pre-market session, several industrials stocks showed significant movement. Greenwave Tech Solns and Blue Bird were among the top gainers, with increases of 13.6% and 12.73% respectively, attributed to recent earnings reports. Conversely, Forward Air and iSun experienced substantial declines, with Forward Air dropping 30.2% following its Q1 earnings release. Other notable movements included stocks like Plug Power and Desktop Metal, also reacting to their latest earnings reports.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 12:06 pm

BGSF reported Q1 2024 adjusted EPS of $0.07, surpassing the $(0.04) estimate, but its sales of $68.765M fell short of the $69.500M forecast. This represents a 56.25% decrease in earnings and an 8.70% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:53 pm

BGSF, Inc. has announced the suspension of its quarterly dividend and has initiated a process to evaluate potential strategic alternatives. This move indicates the company is exploring options to enhance shareholder value, which could include mergers, acquisitions, or a sale of the company. The suspension of dividends is a significant decision, reflecting the company's focus on evaluating its strategic options and potentially reallocating its resources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:02 pm

BGSF reported Q4 adjusted EPS of $0.21, surpassing the $0.08 estimate, marking a 162.5% beat and a 10.53% increase from last year. However, their sales of $73.57M fell short of the $75.05M estimate, a 1.98% miss and a 4.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:54 am

Numerous companies are scheduled to report their earnings on March 13, 2024, covering a wide range of industries from biotech to retail. Notable mentions include Dollar Tree with expected earnings of $2.65 per share on $8.67 billion revenue, and Lennar with an estimate of $2.20 per share on $7.39 billion revenue. Several companies are anticipated to report losses, such as ZIM Integrated Shipping with a projected loss of $1.29 per share.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 10:15 am

BGSF is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $0.08. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. BGSF's past performance shows mixed results with both beats and misses on EPS estimates, leading to varied stock price changes. Currently, BGSF shares are trading at $9.69, down 13.49% over the last 52 weeks, indicating potential concern among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

BGSF (NYSE:BGSF) announced a quarterly dividend of 15 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on February 27, 2024. The stock is expected to open 15 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:45 pm

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