Latest Stocks: Bunge (BG) Earns News Impact Score of 0.12

Latest Stocks: Bunge (BG) Earns News Impact Score of 0.12

News headlines about Bunge (NYSE:BG) have trended somewhat positive on Tuesday, Alpha One reports. Alpha One, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bunge earned a news impact score of 0.12 on Alpha One’s scale. Alpha One also assigned news stories about the basic materials company an impact score of 11 out of 100, indicating that recent press coverage is very unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have effected AlphaOne’s scoring:

Shares of Bunge (BG) opened at 80.10 on Tuesday. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 21.26 and a beta of 1.04. Bunge has a 12-month low of $56.69 and a 12-month high of $83.75. The stock has a 50 day moving average of $75.37 and a 200 day moving average of $74.25. Bunge (NYSE:BG) last posted its earnings results on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.33. The business had revenue of $11.12 billion for the quarter, compared to analyst estimates of $8.96 billion. Bunge had a return on equity of 10.38% and a net margin of 1.58%. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. Analysts forecast that Bunge will post $5.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, August 18th. This is a boost from Bunge’s previous quarterly dividend of $0.42. Bunge’s dividend payout ratio is currently 37.75%. A number of research firms recently commented on BG. Credit Suisse Group AG reaffirmed a “hold” rating and set a $80.00 price target on shares of Bunge in a research note on Thursday, May 25th. JPMorgan Chase & Co. cut shares of Bunge from a “neutral” rating to an “underweight” rating and set a $70.00 price target for the company. in a research note on Thursday, April 6th. Stephens cut shares of Bunge from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 3rd. BMO Capital Markets reaffirmed a “buy” rating on shares of Bunge in a research note on Monday, May 15th. Finally, Zacks Investment Research raised shares of Bunge from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Bunge currently has an average rating of “Hold” and an average price target of $76.14.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, August 18th. This is a boost from Bunge’s previous quarterly dividend of $0.42. Bunge’s dividend payout ratio is currently 37.75%. In other Bunge news, CEO Soren Schroder sold 12,532 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $80.01, for a total value of $1,002,685.32. Following the completion of the transaction, the chief executive officer now owns 69,140 shares in the company, valued at approximately $5,531,891.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David Kabbes sold 593 shares of the company’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $79.95, for a total value of $47,410.35. Following the completion of the transaction, the insider now owns 5,507 shares of the company’s stock, valued at approximately $440,284.65. The disclosure for this sale can be found here. 1.27% of the stock is owned by corporate insiders.

Receive News & Ratings for Bunge Ltd Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bunge Ltd and related companies with our FREE daily email newsletter.

Related posts

Leave a Comment