Stock Worth Watching: BG Staffing Inc Declines Again; Strong Momentum for Sellers

Stock Worth Watching: BG Staffing Inc Declines Again; Strong Momentum for Sellers

The stock of BG Staffing Inc (NYSEMKT:BGSF) is a huge mover today! About 76,901 shares traded hands. BG Staffing Inc (NYSEMKT:BGSF) has risen 16.31% since March 8, 2016 and is uptrending. It has outperformed by 7.00% the S&P500.
The move comes after 6 months negative chart setup for the $126.91M company. It was reported on Oct, 11 by Barchart.com. We have $12.56 PT which if reached, will make NYSEMKT:BGSF worth $12.69 million less.

Analysts await BG Staffing Inc (NYSEMKT:BGSF) to report earnings on November, 7. They expect $0.43 EPS, up 48.28% or $0.14 from last year’s $0.29 per share. BGSF’s profit will be $3.91 million for 8.11 P/E if the $0.43 EPS becomes a reality. After $0.29 actual EPS 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. TH Capital initiated the stock with “Buy” rating in Tuesday, December 1 report. The stock has “Buy” rating given by Roth Capital 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 Prnewswire.com with their article: “BG Staffing, Inc. Announces Q1 2016 Financial Results” published on April 28, 2016, Quotes.Wsj.com published: “News BG Staffing Inc.BGSF” on August 05, 2014. More interesting news about BG Staffing Inc (NYSEMKT:BGSF) were released by: Prnewswire.com and their article: “BG Staffing, Inc. Announces Listing Of Shares On The NYSE MKT” published on October 22, 2014 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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