Bunge Global (NYSE:BG – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of approx $9.00 for the period, compared to the consensus EPS estimate of $9.33. Bunge Global also updated its FY 2024 guidance to 9.000-9.000 EPS.
Bunge Global Trading Down 1.3 %
Shares of Bunge Global stock opened at $102.69 on Friday. Bunge Global has a 52-week low of $86.10 and a 52-week high of $116.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.20. The company’s fifty day moving average price is $99.50 and its two-hundred day moving average price is $99.99. The firm has a market capitalization of $14.54 billion, a PE ratio of 8.27 and a beta of 0.64.
Bunge Global (NYSE:BG – Get Free Report) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion for the quarter, compared to the consensus estimate of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.26 EPS. On average, analysts expect that Bunge Global will post 9.03 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on BG
Bunge Global Company Profile
Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.
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