BRF (BRFS) Set to Announce Quarterly Earnings on Tuesday

BRF (NYSE:BRFS) is scheduled to post 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

BRF (NYSE:BRFS) last released its earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.69 billion for 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

BRF stock opened at $3.33 on Monday. The company’s 50-day moving average is $3.28 and its two-hundred day moving average is $2.89. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. BRF has a 1 year low of $1.27 and a 1 year high of $3.52.

Analyst Ratings Changes

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