BG Staffing Inc (NYSEAMERICAN:BGSF) – Stock analysts at Taglich Brothers dropped their Q3 2019 earnings per share (EPS) estimates for BG Staffing in a research report issued on Wednesday, August 14th. Taglich Brothers analyst H. Halpern now expects that the business services provider will post earnings of $0.40 per share for the quarter, down from their previous estimate of $0.43. Taglich Brothers also issued estimates for BG Staffing’s Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.37 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.49 EPS, Q4 2020 earnings at $0.32 EPS and FY2020 earnings at $1.50 EPS.

BG Staffing (NYSEAMERICAN:BGSF) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.14. The company had revenue of $73.86 million for the quarter, compared to the consensus estimate of $74.57 million.

Separately, Zacks Investment Research cut BG Staffing from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Shares of NYSEAMERICAN:BGSF opened at $18.37 on Monday. BG Staffing has a 1-year low of $15.91 and a 1-year high of $29.40.

The firm also recently disclosed a dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 9th.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in BG Staffing by 18.3% in the second quarter. BlackRock Inc. now owns 653,982 shares of the business services provider’s stock worth $12,347,000 after purchasing an additional 101,176 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in BG Staffing by 1.0% in the second quarter. Pacific Ridge Capital Partners LLC now owns 280,607 shares of the business services provider’s stock worth $5,298,000 after purchasing an additional 2,784 shares during the last quarter. North Star Investment Management Corp. boosted its position in BG Staffing by 68.9% in the second quarter. North Star Investment Management Corp. now owns 181,941 shares of the business services provider’s stock worth $3,435,000 after purchasing an additional 74,216 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in BG Staffing by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 166,964 shares of the business services provider’s stock worth $3,448,000 after purchasing an additional 11,303 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in BG Staffing by 9.5% in the second quarter. Bank of New York Mellon Corp now owns 139,573 shares of the business services provider’s stock worth $2,635,000 after purchasing an additional 12,111 shares during the last quarter.

About BG Staffing

BG Staffing, Inc provides temporary staffing services in the United States. It operates through three segments: Real Estate, Professional, and Light Industrial. The Real Estate segment offers office and maintenance personnel to the various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, legal, and related support personnel.

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Earnings History and Estimates for BG Staffing (NYSEAMERICAN:BGSF)

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