Associated British Foods logo associated with British Foods (LON: ABF) introduced its quarterly profits results on Wednesday, April 24th. The company said GBX 61.10 ($0.80) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 62 ($0.81) by using GBX (0.90) (($zero.01)), Digital Look Earnings reports.
ABF traded up GBX 12 ($0.16) during noon trading on Friday, hitting GBX 2,571 ($33.59). The employer’s stock had a trading quantity of 622,488 stocks compared to its common extent of 972,940. The enterprise has a debt-to-equity ratio of 8.60, a present-day ratio of 1.73, and a brief ratio of zero. 89. The stock has a market capitalization of $20.25 billion and a charge-to-earnings ratio of 22.20. Associated British Foods has a 52-week low of GBX 2,011 ($26.28) and a 52-week high of GBX 2,846 ($37.19).
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The business also recently disclosed a dividend you can pay on Friday, July 5. On Thursday, June 6, investors of a report will be given a dividend of GBX 12.05 ($0.16) in keeping with the share. This represents a yield of 0.47%. The ex-dividend date of this dividend is Thursday, June 6th. Associated British Foods’s dividend payout ratio is currently 0.39%. In other Associated British Foods news, insider Graham Allan purchased three 000 shares of the inventory on Friday, March 1st. According to proportion, the inventory becomes offered at a mean fee of GBX 2,250 ($29.40) for a complete transaction of £67,500 ($88,200.71).
These days, several brokerages have issued reports on ABF. UBS Group restated a “purchase” score on stocks of Associated British Foods in a research document on Tuesday, April 23rd. Shore Capital restated a “purchase” score on shares of Associated British Foods in a research document on Monday, February 25th. JPMorgan Chase & Co. restated an “overweight” score and set a GBX 2,740 ($35.80) goal charge on stocks of Associated British Foods in a study document on Monday, April 8th.
Liberum Capital restated a “buy” rating on shares of Associated British Foods in a research report on Thursday, April 11. Finally, Barclays raised their target charge on shares of Associated British Foods from GBX 3,280 ($42.86) to GBX 3 three hundred ($43.12) and gave the stock an “overweight” rating in a research file on Tuesday, February 26th. Two equities research analysts rated the inventory with a preserve rating, and twelve gave a buy score to the business enterprise’s stock. The stock presently has a consensus rating of “Buy” and a consensus goal charge of GBX 2,896.69 ($37.85).
About Associated British Foods
Associated British Foods p.C operates as an international diversified food, elements, and retail agency. It operates through 5 segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery section manufactures and sells grocery merchandise, such as hot drinks, sugar and sweeteners, vegetable oils, balsamic vinegar, bread baked goods, cereals, ethnic ingredients, and meat merchandise to retail, wholesale, and food service corporations.
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