Brf S.A. (NYSE:BRFS) Declares Dividend of $0.10

Brf S.A. (NYSE:BRFS) declared a dividend on Thursday, November 14th,NASDAQ Dividends reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.1001 per share on Monday, December 16th. The ex-dividend date is Wednesday, November 27th. This is a boost from BRF’s previous dividend of $0.03.

BRF Stock Performance

NYSE BRFS traded up $0.02 during midday trading on Friday, hitting $4.31. The company had a trading volume of 828,197 shares, compared to its average volume of 2,923,559. The firm has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $4.06. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.25 and a beta of 1.93.

BRF (NYSE:BRFS) last released its earnings results on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.55 billion. BRF had a return on equity of 11.51% and a net margin of 3.61%. During the same period last year, the business earned ($0.10) earnings per share. Equities analysts forecast that BRF will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BRFS shares. Bank of America lifted their price objective on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. StockNews.com lowered shares of BRF from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Barclays raised their price objective on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BRF currently has an average rating of “Moderate Buy” and a consensus price target of $10.70.

About BRF

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.