ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) – Equities researchers at Jefferies Financial Group lifted their FY2020 EPS estimates for ASSD BRIT FOODS/ADR in a report released on Tuesday, November 5th. Jefferies Financial Group analyst J. Grzinic now anticipates that the company will post earnings of $1.90 per share for the year, up from their prior estimate of $1.79. Jefferies Financial Group also issued estimates for ASSD BRIT FOODS/ADR’s FY2021 earnings at $2.14 EPS and FY2022 earnings at $2.29 EPS.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised ASSD BRIT FOODS/ADR from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday. Goldman Sachs Group raised ASSD BRIT FOODS/ADR from a “neutral” rating to a “buy” rating in a research report on Wednesday.
The business also recently announced a Semi-Annual dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.398 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39. ASSD BRIT FOODS/ADR’s dividend payout ratio is presently 15.29%.
ASSD BRIT FOODS/ADR Company Profile
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
Read More: Reverse Stock Split
Receive News & Ratings for ASSD BRIT FOODS/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASSD BRIT FOODS/ADR and related companies with MarketBeat.com's FREE daily email newsletter.