Associated British Foods (ASBFY) Expected to Announce Quarterly Earnings on Tuesday

Associated British Foods (OTCMKTS:ASBFY) is anticipated to issue its results before the market opens on Tuesday, April 21st. Analysts expect the company to announce earnings of $0.83 per share and revenue of $9.3442 billion for the quarter.

Associated British Foods Price Performance

ASBFY opened at $25.68 on Tuesday. Associated British Foods has a one year low of $23.36 and a one year high of $31.96. The business’s 50 day moving average price is $25.55 and its 200 day moving average price is $27.30. The company has a current ratio of 1.54, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ASBFY. Jefferies Financial Group cut Associated British Foods from a “hold” rating to an “underperform” rating in a research note on Monday, December 15th. The Goldman Sachs Group cut Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Sanford C. Bernstein cut Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Zacks Research cut Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Associated British Foods Company Profile

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.