FY2023 Earnings Estimate for Associated British Foods plc Issued By Jefferies Financial Group (OTCMKTS:ASBFY)

Associated British Foods plc (OTCMKTS:ASBFYGet Rating) – Equities researchers at Jefferies Financial Group upped their FY2023 earnings per share (EPS) estimates for shares of Associated British Foods in a report issued on Monday, March 6th. Jefferies Financial Group analyst J. Grzinic now anticipates that the company will post earnings of $1.61 per share for the year, up from their previous forecast of $1.55. The consensus estimate for Associated British Foods’ current full-year earnings is $1.54 per share. Jefferies Financial Group also issued estimates for Associated British Foods’ FY2024 earnings at $1.80 EPS and FY2025 earnings at $1.97 EPS.

ASBFY has been the topic of several other reports. HSBC raised Associated British Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, March 1st. The Goldman Sachs Group raised Associated British Foods from a “sell” rating to a “neutral” rating in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft raised Associated British Foods from a “hold” rating to a “buy” rating in a report on Monday, January 23rd. Morgan Stanley raised Associated British Foods from an “equal weight” rating to an “overweight” rating in a report on Friday, December 2nd. Finally, Citigroup lifted their price objective on Associated British Foods from GBX 1,400 ($16.84) to GBX 1,900 ($22.85) in a report on Monday, February 13th. Seven equities 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 currently has a consensus rating of “Hold” and a consensus price target of $1,875.00.

Associated British Foods Price Performance

Shares of OTCMKTS ASBFY opened at $24.56 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.93 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $22.98 and its two-hundred day moving average is $19.12. Associated British Foods has a 12 month low of $13.50 and a 12 month high of $25.13.

Associated British Foods Increases Dividend

The business also recently declared a dividend, which was paid on Monday, January 30th. Investors of record on Friday, December 16th were paid a $0.2962 dividend. This is a positive change from Associated British Foods’s previous dividend of $0.14. The ex-dividend date of this dividend was Thursday, December 15th. This represents a yield of 2.12%.

About Associated British Foods

(Get Rating)

Associated British Foods Plc engages in the business of manufacturing and trading of consumer goods. It operates through the following business segments: Grocery, Sugar, Agriculture, Ingredients and Retail. The Grocery segment produces beverages, sweeteners, vegetable oils, bread, baked goods, cereals, herbs and spices, and meat products.

Read More

Earnings History and Estimates for Associated British Foods (OTCMKTS:ASBFY)

Receive News & Ratings for Associated British Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods and related companies with MarketBeat.com's FREE daily email newsletter.