BGSF (BGSF) Surges 12.9%: Is This an Indication of Further Gains?
BGSF Stock Surge: BGSF shares rose 12.9% to $6.31 following the announcement of a $99 million cash sale of its Professional Division to INSPYR Solutions, contributing to a 25.6% gain over the past month.
Earnings Expectations: The company is expected to report break-even quarterly earnings per share with revenues projected at $66.5 million, while consensus EPS estimates have been revised 100% higher in the last 30 days, indicating potential for further stock price appreciation.
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BGSF: Overview of Q3 Earnings
Company Financial Performance: BGSF, Inc. reported a loss of $5.8 million in its third quarter, translating to a loss of 52 cents per share, with adjusted losses of 28 cents per share when accounting for discontinued operations.
Revenue and Stock Performance: The staffing company generated revenue of $26.9 million during the quarter, while its stock price has significantly declined from $7.70 a year ago to $3.27.
BG Staffing announces a special dividend of $2.00
Special Dividend Announcement: BG Staffing (BGSF) has declared a special dividend of $2.00 per share.
Payment Details: The dividend is payable on September 30, with shareholders of record on September 23, and the ex-dividend date is October 1.
