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

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

BRF Stock Performance

Shares of BRFS stock traded up $0.01 during trading hours 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 company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $4.37 and a 200 day moving average of $4.06. BRF has a 12-month low of $2.45 and a 12-month high of $4.76. The stock has a market cap of $4.66 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93.

BRF (NYSE:BRFS) last announced its quarterly 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 firm had revenue of $2.86 billion during the quarter, compared to analyst estimates 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 earned ($0.10) EPS. On average, sell-side analysts forecast that BRF will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

BRFS has been the subject of several recent research reports. Bank of America increased their price target on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. StockNews.com downgraded BRF from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Barclays boosted their price target on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.