BG Staffing (BGSF) Rating Increased to Hold at Zacks Investment Research

BG Staffing (NYSE:BGSF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “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. “

BG Staffing (NYSE:BGSF) opened at 14.98 on Tuesday. The firm has a 50-day moving average price of $16.78 and a 200 day moving average price of $16.64. BG Staffing has a 52-week low of $10.53 and a 52-week high of $21.75. The stock has a market cap of $129.85 million and a PE ratio of 19.51.

BG Staffing (NYSE:BGSF) last announced its earnings results on Monday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.11. The firm earned $62.60 million during the quarter, compared to analysts’ expectations of $49.80 million. On average, analysts forecast that BG Staffing will post $1.52 earnings per share for the current fiscal year.

About BG Staffing

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

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