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Bunge Ltd (BG.N)

BG.N on New York Stock Exchange

70.24USD
11:30am EDT
Change (% chg)

$0.17 (+0.24%)
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$70.07
Open
$70.23
Day's High
$70.25
Day's Low
$69.65
Volume
63,334
Avg. Vol
323,813
52-wk High
$82.65
52-wk Low
$56.70

Latest Key Developments (Source: Significant Developments)

Bunge Q1 adjusted EPS from cont ops $0.35
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Bunge Ltd ::Bunge reports first quarter 2017 results.Q1 GAAP earnings per share $0.31.Q1 earnings per share view $0.70 -- Thomson Reuters I/B/E/S.Q1 net sales $11,121 million versus $8,916 million.Expect solid earnings growth in 2017.Agribusiness impacted by delayed farmer selling in quarter.Qtrly adjusted earnings per share from continuing operations $0.35.In agribusiness, expect improvement in 2017 from last year's results.Slow pace of farmer selling in South America "compressed margins" in agribusiness and led to a lower than expected Q1.Q1 revenue view $8.90 billion -- Thomson Reuters I/B/E/S."In oilseeds, product demand is strong and in line with our long term projections".In food & ingredients, expect edible oils to continue to show strong year-over-year improvement in 2017 on higher volumes and margins.Sees year-over-year earnings growth in 2017, although below company's prior expectations.In fertilizer, expect 2017 EBIT of approximately $25 million.Delivered $22 million of cost savings in q1 and are on track to achieve $100 million of benefits in 2017.Have reduced expected capex spend by $50 million to a range of $700 million to $750 million in 2017.Higher oilseed processing results in China, due to improved margins and volumes, offset lower crush results in U.S. for agribusiness in quarter.Adjusting full-year 2017 EBIT range for agribusiness to $800 million to $925 million, weighted to second half of year.  Full Article

Bunge declares quarterly cash dividend of $0.42 per share
Wednesday, 8 Mar 2017 04:24pm EST 

Bunge Ltd :Bunge Ltd - board of directors has declared a regular quarterly cash dividend of $0.42 per common share.  Full Article

Bahri, Bunge to form ocean freight joint venture
Wednesday, 22 Feb 2017 12:01am EST 

Bunge Ltd : Bahri and Bunge to form ocean freight joint venture . JV will operate under name Bunge Bahri Dry Bulk Ltd. . Financial terms of agreements were not disclosed . company plans to ship over 5 million metric tons in year one, ramping up volume over time to double-digit figures . Joint venture will be financed pro rata by bdb and bunge . BDB and Bunge will own 60/40% of JV respectively, and it will be registered and based in Dubai .JV will charter, commercially operate Supramax / Panamax initially from fleet currently owned/managed by BDB & subsequently from 3rd parties.  Full Article

Bunge reports Q4 earnings per share $1.83
Wednesday, 15 Feb 2017 06:00am EST 

Bunge Ltd - : Continue to expect strong earnings growth in 2017 . Bunge reports fourth quarter 2016 results . Q4 gaap earnings per share $1.83 . Q4 earnings per share view $1.57 -- Thomson Reuters I/B/E/S . Will also continue to drive our performance improvement programs, expecting $100 million of incremental benefits in 2017 . Quarterly adjusted earnings per share from continuing operations $1.70 . We enter 2017 with confidence and expect strong growth in earnings . "After disappointing crops in South America last year, region is on track to produce record harvests this season" . "Global soybean processing margins, which were under pressure during most of 2016, are improving" . Full-year 2017 outlook remains largely consistent with assumptions that provided at december investor day . Quarterly agribusiness results decreased from last year, primarily due to lower results in soy processing operations . Says expects capital expenditures of $750 to $800 million for 2017 . Q4 net sales $12,059 million versus $11,105 million .Q4 revenue view $11.41 billion -- Thomson Reuters I/B/E/S.  Full Article

Bunge plans to improve soybean processing footprint in the Eastern Corn Belt
Monday, 9 Jan 2017 04:15pm EST 

Bunge Ltd : Bunge plans to improve soybean processing footprint in the eastern corn belt . Locations in Ohio and Indiana are under final consideration for new facility . Bunge north America- Plan includes building Bunge's first new processing plant in U.S. In fifteen years ."see need to improve our asset footprint in eastern U.S., a key market".  Full Article

Bunge has declared a regular quarterly cash dividend of $0.42 per common share
Thursday, 8 Dec 2016 04:30pm EST 

Bunge Ltd :Bunge Ltd - has declared a regular quarterly cash dividend of $0.42 per common share..  Full Article

Bunge to acquire controlling interest in Grupo Minsa's corn milling business
Tuesday, 30 Aug 2016 04:15pm EDT 

Bunge Ltd : Bunge to acquire controlling interest in Grupo Minsa's corn milling business . As part of transaction, Bunge will take management control of four mills in Mexico and two mills in United States . Bunge North America reached a subscription agreement to invest in Grupo Minsa S.A.B. De C.V. . Facilities being acquired have a combined annual processing capacity of 700,000 metric tons .Bunge was advised by Rothschild.  Full Article

Bunge Limited announces pricing of senior notes offering
Wednesday, 10 Aug 2016 10:51pm EDT 

Bunge Ltd : Bunge Limited announces pricing of senior notes offering .Bunge Limited Finance Corp priced a public offering of $700 million aggregate principal amount of 3.250% senior notes due 2026.  Full Article

Bunge Board of directors declares regular quarterly dividend of $0.42/shr
Wednesday, 10 Aug 2016 04:56pm EDT 

Bunge Ltd :Board of directors has declared a regular quarterly cash dividend of $0.42 per common share.  Full Article

Cargill to sell 2 European oilseed processing facilities to Bunge
Friday, 5 Aug 2016 08:50am EDT 

Bunge Ltd : Cargill to sell two European oilseed processing facilities to Bunge . In Netherlands, transaction includes soybean and rapeseed crush and soybean oil refining facility in Port of Amsterdam . In France, deal includes soybean and rapeseed crush facility located in Port of Brest . Employees associated with Cargill's business (120 in Netherlands and 51 in France) will transfer to Bunge. . Cargill will retain its two other soybean processing facilities in Western Europe . Aggregate annual processing capacity at two locations is about two million tons .Industrial operations will be integrated within Bunge's Europe, Middle East and Africa (EMEA)operations,global soy crush platform.  Full Article

More From Around the Web

Exclusive: Bunge, ARASCO to jointly bid for Saudi state grains agency - sources

ABU DHABI/DUBAI U.S. agricultural trader Bunge is looking to bid for the Saudi state grain company's milling operations, sources said, the second global commodities company to show interest in the privatization of the kingdom's sole wheat and barley buyer.