Brf S.A. (NYSE:BRFS) Raises Dividend to $0.10 Per Share

Brf S.A. (NYSE:BRFS) announced a dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders 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 an increase from BRF’s previous dividend of $0.03.

BRF Stock Up 0.5 %

Shares of BRF stock traded up $0.02 during midday trading on Friday, hitting $4.31. The company’s stock had a trading volume of 828,197 shares, compared to its average volume of 2,923,559. The firm has a market capitalization of $4.67 billion, a P/E ratio of 15.91, a PEG ratio of 0.25 and a beta of 1.93. BRF has a 1-year low of $2.45 and a 1-year 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 50-day simple moving average of $4.37 and a 200-day simple moving average of $4.06.

BRF (NYSE:BRFS) last released its earnings results on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted ($0.10) EPS. As a group, sell-side analysts expect that BRF will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

BRFS has been the topic of several research reports. Bank of America upped their price objective on shares of BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Barclays increased their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.