Bunge Ltd (BG) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.65. Analysts had a consensus of $0.76. The company posted revenue of $8916.00 million in the period, compared to analysts expectations of $10124.78 million. The company’s revenue was down -17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS.
Many Wall Street Analysts have commented on Bunge Ltd. Bunge Ltd was Downgraded by JP Morgan to ” Neutral” on Apr 22, 2016. Bunge Ltd was Upgraded by JP Morgan to ” Overweight” on Feb 12, 2016.
Bunge Ltd opened for trading at $59.98 and hit $60.59 on the upside on Wednesday, eventually ending the session at $60.46, with a gain of 0.82% or 0.49 points. The heightened volatility saw the trading volume jump to 16,75,185 shares. Company has a market cap of $8,524 M.
Investors should note that on Mar 1, 2016, Bunge Ltd announced a cash dividend of $0.3800. The company’s management has announced May 17, 2016 as the ex-dividend date and fixed the record date on May 19, 2016. The payable date has been fixed on Jun 2, 2016.
In a different news, on Dec 4, 2015, L Patrick Lupo (director) purchased 3,000 shares at $65.89 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.