BRF (BRFS) to Release Earnings on Tuesday

BRF (NYSE:BRFS) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect BRF to post earnings of $0.04 per share for the quarter.

BRF (NYSE:BRFS) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. The business had revenue of $1.69 billion during the quarter. On average, analysts expect BRF to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRF Trading Down 2.9 %

BRFS traded down $0.10 during trading on Tuesday, hitting $3.30. 1,132,999 shares of the stock traded hands, compared to its average volume of 3,477,705. BRF has a twelve month low of $1.23 and a twelve month high of $3.52. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average price of $3.23 and a 200 day moving average price of $2.86.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BRFS. StockNews.com raised shares of BRF from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Barclays raised shares of BRF from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $2.50 to $4.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. raised shares of BRF from a “neutral” rating to an “overweight” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group raised shares of BRF from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1.90 to $3.10 in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.55.

BRF Company Profile

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.