Brf S.A. (NYSE:BRFS) to Issue Dividend Increase – $0.10 Per Share

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

BRF Stock Up 0.3 %

BRFS opened at $4.31 on Friday. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. The firm has a market capitalization of $4.66 billion, a P/E ratio of 15.95, a PEG ratio of 0.25 and a beta of 1.93. The company’s 50-day moving average is $4.37 and its 200 day moving average is $4.07. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.45 and a quick ratio of 0.99.

BRF (NYSE:BRFS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $2.86 billion during 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 quarter in the prior year, the company earned ($0.10) EPS. Research analysts expect that BRF will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BRFS. StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Barclays lifted their price objective on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Bank of America boosted their target price on shares of BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.70.

BRF Company Profile

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.