BRF (BRFS) to Release Earnings on Wednesday

BRF (NYSE:BRFS) will announce its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.55 billion. BRF had a return on equity of 11.51% and a net margin of 3.61%. During the same period in the prior year, the firm posted ($0.10) earnings per share. On average, analysts expect BRF to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRF Stock Down 2.8 %

BRF stock opened at $4.23 on Friday. BRF has a 1-year low of $2.28 and a 1-year high of $4.76. The business has a fifty day moving average price of $4.39 and a 200-day moving average price of $4.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.45 and a quick ratio of 0.99. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.26 and a beta of 1.93.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BRFS shares. Barclays boosted their price target on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Bank of America boosted their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Finally, StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Company Profile

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.