Bunge Ltd (BG) Releases Earnings Results, Beats Expectations By $0.40 EPS

Bunge Ltd (BG) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.40. Analysts had a consensus of $0.39. The company posted revenue of $10541.00 million in the period, compared to analysts expectations of $9958.82 million. The company’s revenue was down -2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Bunge Ltd. BB&T Capital Mkts Initiated Bunge Ltd on Jul 12, 2016 to “Buy”, Price Target of the shares are set at $75.

Bunge Ltd opened for trading at $63 and hit $65.53 on the upside on Thursday, eventually ending the session at $65.35, with a gain of 6.73% or 4.12 points. The heightened volatility saw the trading volume jump to 20,17,144 shares. Company has a market cap of $9,108 M.

Investors should note that on May 24, 2016, Bunge Ltd announced a cash dividend of $0.4200. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 2, 2016.

In a different news, on May 16, 2016, L Patrick Lupo (director) sold 11,230 shares at $61.28 per share price. According to the SEC, on Aug 27, 2015, Brian Thomsen (officer ) purchased 14,000 shares at $69.44 per share price. On May 21, 2015, La Tour Dauvergne Lauraguai De (director) sold 3,778 shares at $91.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase storage transport processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products including oils shortenings margarines and mayonnaise and milled grain products such as wheat flours corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane as well as energy derived from their production process through its operations in Brazil. The fertilizer segment is involved in producing blending and distributing fertilizer products for the agricultural industry in South America with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.

Bunge Ltd

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