Associated British Foods logo associated British Foods (LON: ABF) introduced its quarterly profits results on Wednesday, April twenty-fourth. The company said GBX sixty-one.10 ($0.80) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX sixty-two ($zero.Eighty one) by using GBX (0.90) (($zero.01)), Digital Look Earnings reports.
ABF traded up GBX 12 ($0.Sixteen) in the course of noon trading on Friday, hitting GBX 2,571 ($33.Fifty nine). The employer’s stock had a trading quantity of 622,488 stocks, as 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 ($37.19).
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The business also lately disclosed a dividend, so that you can be paid on Friday, July fifth. Investors of a report on Thursday, June sixth will be given a dividend of GBX 12.05 ($zero.Sixteen) in keeping with share. This represents a yield of 0.Forty seven%. The ex-dividend date of this dividend is Thursday, June 6th. Associated British Foods’s dividend payout ratio is currently zero.39%.
In other Associated British Foods news, insider Graham Allan purchased three,000 shares of the inventory in a transaction on Friday, March 1st. The inventory becomes offered at a mean fee of GBX 2,250 ($29.Forty) according to proportion, for a complete transaction of £67,500 ($88, two hundred.Seventy one).
A number of 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 ($35.Eighty) goal charge on stocks of Associated British Foods in a study document on Monday, April eighth. Liberum Capital restated a “buy” rating on shares of Associated British Foods in a research report on Thursday, April eleventh. Finally, Barclays raised their target charge on shares of Associated British Foods from GBX 3,280 ($forty two.86) to GBX 3, three hundred ($43.12) and gave the stock an “overweight” rating in a research file on Tuesday, February twenty-sixth. 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 foodservice corporations.
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