BRF (NYSE:BRFS) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

BRF (NYSE:BRFS) issued its quarterly earnings data on Thursday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. BRF had a return on equity of 2.93% and a net margin of 0.81%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted ($0.10) EPS.

BRF Stock Up 1.8 %

BRFS stock opened at $4.48 on Friday. BRF has a 52 week low of $1.75 and a 52 week high of $4.55. The business has a 50-day simple moving average of $3.88 and a 200 day simple moving average of $3.49. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The company has a market cap of $4.85 billion, a PE ratio of 89.60, a price-to-earnings-growth ratio of 0.38 and a beta of 1.91.

Analysts Set New Price Targets

Several equities analysts recently commented on BRFS shares. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 13th. Barclays increased their target price on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Bank of America raised their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BRF has a consensus rating of “Moderate Buy” and a consensus target price 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.