BRF (NYSE:BRFS) Announces Earnings Results

BRF (NYSE:BRFS) posted its earnings results on Wednesday. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11), Zacks reports. BRF had a net margin of 6.52% and a return on equity of 19.66%.

BRF Stock Down 1.2 %

NYSE:BRFS opened at $3.30 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. BRF has a 1-year low of $2.96 and a 1-year high of $4.87. The business’s fifty day moving average price is $3.77 and its 200 day moving average price is $4.19. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.19 and a beta of 1.86.

BRF Cuts Dividend

The business also recently announced a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.0217 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 18th. BRF’s dividend payout ratio is 18.60%.

Wall Street Analysts Forecast Growth

BRFS has been the subject of a number of analyst reports. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $10.70.

About BRF

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.