BRF (BRFS) Set to Announce Quarterly Earnings on Tuesday

BRF (NYSE:BRFS) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Persons 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 the consensus estimate of $0.07 by $0.08. The firm had revenue of $1.69 billion during the quarter. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. On average, analysts expect BRF to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRF Stock Performance

BRF stock opened at $3.33 on Friday. BRF has a twelve month low of $1.27 and a twelve month high of $3.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. The stock’s 50 day moving average is $3.28 and its 200 day moving average is $2.88.

Wall Street Analyst Weigh In

BRFS has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised BRF from a “neutral” rating to an “overweight” rating in a research note on Monday, April 15th. The Goldman Sachs Group raised shares of BRF from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1.90 to $3.10 in a research report on Monday, April 15th. StockNews.com raised shares of BRF from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Finally, 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 report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, BRF presently has an average rating of “Moderate Buy” and an average target price 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.