Associated British Foods (ABF) Issues Earnings Results, Misses Estimates By $0.90 EPS

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) in the course of 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 GBX 2,846 ($37.19).

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The business also lately disclosed a dividend so that you can be paid on Friday, July fifth. On Thursday, June sixth, 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).

Several brokerages have these days 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 eleventh. 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 have rated the inventory with a preserve rating, and twelve have given 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 a diversified food, elements, and retail agency international. 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, and baked goods, cereals, ethnic ingredients, and meat merchandise to retail, wholesale, and food service corporations.

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Each producer units and determines the dimensions of the tins that they manufacture. There are no de facto standard, global, or globally ordinary requirements of measuring the tins sizes. When you want a tin of a specific size, there are constantly probabilities that you will get it from one or extra brand. The failure of one brand to offer you the right size does not necessarily imply that different manufacturers might additionally be incapable of imparting you the scale that you want.

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I love cooking and eating food. I always look for new recipes, new foods, and new restaurants. I just love food! My goal is to post interesting and delicious food and share recipes with the world. I have a passion for all types of food; especially Asian cuisine.