BRF (BRFS) Set to Announce Quarterly Earnings on Tuesday

BRF (NYSE:BRFS - Get Free Report) is scheduled to be posting its quarterly earnings results 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 - Get Free Report) last released 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 Price Performance

BRFS stock traded down $0.11 during trading on Tuesday, hitting $3.29. 1,949,951 shares of the company's stock traded hands, compared to its average volume of 3,488,360. BRF has a 52 week low of $1.23 and a 52 week high of $3.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. The business has a fifty day simple moving average of $3.23 and a 200 day simple moving average of $2.86. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of -17.32 and a beta of 1.95.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group upgraded shares of BRF from a "sell" rating to a "neutral" rating and increased their price objective for the company from $1.90 to $3.10 in a research report on Monday, April 15th. JPMorgan Chase & Co. upgraded shares of BRF from a "neutral" rating to an "overweight" rating in a report on Monday, April 15th. Barclays upgraded shares of BRF from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $2.50 to $4.00 in a report on Monday, March 4th. Finally, StockNews.com upgraded shares of BRF from a "hold" rating to a "buy" rating in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $3.55.

About BRF

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.