BRF (NYSE:BRFS) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

BRF (NYSE:BRFS) announced its earnings results on Wednesday. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11), Zacks reports. BRF had a return on equity of 19.66% and a net margin of 6.52%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.72 billion.

BRF Stock Performance

NYSE BRFS opened at $3.14 on Friday. The business has a 50-day moving average price of $3.75 and a 200-day moving average price of $4.18. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.19 and a beta of 1.86. BRF has a twelve month low of $2.96 and a twelve month high of $4.87. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on BRFS. StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Company Profile

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.