The stock of BG Staffing Inc (NYSEMKT:BGSF) is a huge mover today! The stock decreased 3.37% or $0.54 on September 30, hitting $15.48. About 177,760 shares traded hands or 66.34% up from the average. BG Staffing Inc (NYSEMKT:BGSF) has risen 18.99% since February 29, 2016 and is uptrending. It has outperformed by 8.56% the S&P500.
The move comes after 9 months negative chart setup for the $128.57M company. It was reported on Oct, 1 by Barchart.com. We have $13.62 PT which if reached, will make NYSEMKT:BGSF worth $15.43 million less.
Analysts await BG Staffing Inc (NYSEMKT:BGSF) to report earnings on November, 7. They expect $0.43 earnings per share, up 48.28% or $0.14 from last year’s $0.29 per share. BGSF’s profit will be $3.57 million for 9.00 P/E if the $0.43 EPS becomes a reality. After $0.29 actual earnings per share reported by BG Staffing Inc for the previous quarter, Wall Street now forecasts 48.28% EPS growth.
BG Staffing Inc (NYSEMKT:BGSF) Ratings Coverage
Out of 2 analysts covering BG Staffing (NYSEMKT:BGSF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. BG Staffing has been the topic of 2 analyst reports since December 1, 2015 according to StockzIntelligence Inc. Roth Capital initiated the shares of BGSF in a report on Tuesday, December 1 with “Buy” rating. The firm has “Buy” rating by TH Capital given on Tuesday, December 1.
According to Zacks Investment Research, “BG Staffing, Inc. is a national provider of temporary staffing services across a diverse set of industries. Its present business segments offer temp services in the Multi-Family, Professional and Commercial sectors. In the Multi-Family segment BG offers temporary workers that perform front office and maintenance personnel in 18 states (Nevada, Arizona, Colorado, Kansas, Oklahoma, Texas, Missouri, Wisconsin, Illinois, Tennessee, Georgia, Florida, N. Carolina, Virginia, Maryland, Pennsylvania, Massachusetts, Rhode Island); temporary skilled contract labor for Finance & Accounting and also for IT implementation and maintenance projects nationwide from offices in 5 states (Texas, Louisiana, N. Carolina, Maryland, Rhode Island); temp labor services in various skilled and unskilled positions to primarily distribution and logistics customers in its Commercial segment in 5 states (Texas, Wisconsin, Illinois, Tennessee, Mississippi). BG Staffing, Inc. is headquartered in Plano, Texas.”
More notable recent BG Staffing Inc (NYSEMKT:BGSF) news were published by: Prnewswire.com which released: “BG Staffing, Inc. Announces 2015 Financial Results” on March 07, 2016, also Finance.Yahoo.com with their article: “BG Staffing, Inc. Sets Dates to Report Results for Q2 and Six-Months and Host …” published on July 14, 2016, Prnewswire.com published: “BG Staffing, Inc. Announces Listing Of Shares On The NYSE MKT” on October 22, 2014. More interesting news about BG Staffing Inc (NYSEMKT:BGSF) were released by: Seekingalpha.com and their article: “BG Staffing Plummet On Offering Totally Unwarranted” published on May 31, 2016 as well as Prnewswire.com‘s news article titled: “BG Staffing, Inc. Announces Pricing Of Public Offering Of Common Stock” with publication date: May 27, 2016.
BGSF Company Profile
BG Staffing, Inc. (BG Staffing), incorporated on August 27, 2007, is a well-known provider of temporary staffing services. The Firm provides temporary workers to a range of clients that are seeking to match their workforce requirements to their business needs. The Company’s clients operate across a diverse set of industries. The Company’s activities are organized into three divisions: Commercial, Multifamily and Professional. The Company’s subsidiaries include BG Staffing, LLC, B G Staff Services, Inc., BG Personnel, LP, and BG Finance and Accounting, Inc.
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