Industrias Bachoco - IBA Stock Forecast, Price & News

Industrias Bachoco's stock was trading at $42.54 on January 1st, 2022. Since then, IBA stock has increased by 8.2% and is now trading at $46.0350.
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Industrias Bachoco saw a drop in short interest in September. As of September 15th, there was short interest totaling 1,300 shares, a drop of 48.0% from the August 31st total of 2,500 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 0.1 days.
View Industrias Bachoco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our IBA earnings forecast.

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) issued its earnings results on Wednesday, July, 27th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $1.84. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.16 billion. Industrias Bachoco had a trailing twelve-month return on equity of 13.21% and a net margin of 7.11%.

Industrias Bachoco declared a semi-annual dividend on Friday, June 24th. Shareholders of record on Tuesday, July 12th will be given a dividend of $0.4887 per share on Monday, July 25th. This represents a yield of 2.1%. The ex-dividend date of this dividend is Monday, July 11th.
Read our dividend analysis for IBA.

Industrias Bachoco (NYSE:IBA) pays an annual dividend of $0.46 per share and currently has a dividend yield of 1.00%. The dividend payout ratio is 7.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBA will have a dividend payout ratio of 7.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBA.

20 employees have rated Industrias Bachoco Chief Executive Officer Rodolfo Ramos Arvizu on Glassdoor.com. Rodolfo Ramos Arvizu has an approval rating of 98% among the company's employees. This puts Rodolfo Ramos Arvizu in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Industrias Bachoco investors own include AT&T (T), Gilead Sciences (GILD), Tronox (TROX), Tyson Foods (TSN), Bunge (BG), Altria Group (MO), AbbVie (ABBV), Best Buy (BBY), Franklin Resources (BEN) and Costco Wholesale (COST).

Industrias Bachoco trades on the New York Stock Exchange (NYSE) under the ticker symbol "IBA."

Shares of IBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IBA stock can currently be purchased for approximately $46.04.

Industrias Bachoco (NYSE:IBA) has a market capitalization of $2.30 billion and generates $3.98 billion in revenue each year. The company earns $249.73 million in net income (profit) each year or $6.55 on an earnings per share basis.

The company employs 32,058 workers across the globe.

Industrias Bachoco's mailing address is AVENIDA TECNOLOGICO 401 CIUDAD INDUSTRIAL, CELAYA O5, 38010. The official website for the company is www.bachoco.com.mx. The company can be reached via phone at 524616183555, via email at inversionistas@bachoco.net, or via fax at 52-46-1611-6502.