BRF (BRFS) Set to Announce Earnings on Tuesday

BRF (NYSE:BRFS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $1.69 billion for the quarter. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. 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

NYSE:BRFS opened at $3.33 on Friday. BRF has a fifty-two week low of $1.27 and a fifty-two week high of $3.52. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average price of $3.28 and a 200-day moving average price of $2.88.

Analyst Upgrades and Downgrades

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