Bunge (BG) is expected to release quarterly results on Wednesday
Bunge (NYSE: BG) will release its quarterly results before market opens on Wednesday, July 28. Analysts expect Bunge to post earnings of $ 1.59 per share for the quarter. Those interested in participating in the corporate earnings conference call can do so using this link.
Bunge (NYSE: BG) last released its quarterly earnings data on Monday, May 3. The basic materials company reported EPS of $ 3.13 for the quarter, beating the Zacks consensus estimate of $ 1.55 by $ 1.58. The company posted revenue of $ 12.96 billion for the quarter, compared to $ 9.89 billion expected by analysts. Bunge had a net margin of 4.75% and a return on equity of 35.47%. The company’s revenue increased 41.3% year-on-year. During the same period of the previous year, the company achieved EPS of $ 0.91. On average, analysts expect Bunge to post EPS of $ 8 for the current fiscal year and EPS of $ 7 for the next fiscal year.
NYSE BG shares opened at $ 74.78 on Wednesday. The company has a market cap of $ 10.58 billion, a PE ratio of 5.13 and a beta of 0.67. Bunge has a 52-week low of $ 42.06 and a 52-week high of $ 92.38. The company has a 50-day simple moving average of $ 82.68. The company has a leverage ratio of 0.71, a quick ratio of 0.76, and a current ratio of 1.52.
The firm also recently unveiled a quarterly dividend, which will be paid on Thursday, September 2. Investors of record on Thursday, August 19 will receive a dividend of $ 0.525. This represents a dividend of $ 2.10 on an annualized basis and a return of 2.81%. This is a boost from Bunge’s previous quarterly dividend of $ 0.50. The ex-dividend date of this dividend is Wednesday August 18. Bunge’s dividend payout ratio is currently 24.10%.
A number of equity research analysts recently commented on the stock. Barclays raised its price target on Bunge shares from $ 85.00 to $ 100.00 and assigned the company an “overweight” rating in a research note on Thursday, May 6. Bank of America launched a cover on Bunge’s shares in a report released on Wednesday, April 21. They issued a “neutral” rating and a target price of $ 88.00 on the stock. Morgan Stanley raised its price target for Bunge shares from $ 72.00 to $ 92.00 and gave the company an “equal weight” rating in a report released on Monday, May 10. Finally, Credit Suisse Group raised its price target on Bunge shares from $ 84.00 to $ 95 and gave the company an “outperformance” rating in a report released on Wednesday, May 5. Three stock research analysts assigned a conservation rating to the stock, two assigned a buy rating, and one assigned a high buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $ 83.17.
In addition, director Paul J. Friborg sold 155,650 shares of the company in a transaction on Tuesday, June 1. The stock was sold at an average price of $ 89.04, for a total trade of $ 13,859,076.00. As a result of the transaction, the director now directly owns 9,327 shares of the company, valued at $ 830,476.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In addition, director Paul J. Friborg sold 155,700 shares of the company in a transaction on Thursday, June 3. The stock was sold for an average price of $ 88.53, for a total value of $ 13,784,121.00. As a result of the transaction, the director now owns 9,327 shares of the company, valued at $ 825,719.31. Disclosure of this sale can be found here. 3.70% of the shares are held by insiders of the company.
Bunge Company Profile
Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Fertilizers, and Sugar and Bioenergy. The Agri-Food segment buys, stores, transports, processes and sells agricultural raw materials and commodities, including oilseeds, mainly soybeans, rapeseed, canola and sunflower, as well as grains, mainly wheat and wheat. But ; and vegetable oils and protein meals.
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