FY2020 Earnings Estimate for ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) Issued By Jefferies Financial Group

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.

OTCMKTS ASBFY opened at $31.40 on Friday. The company has a market cap of $24.32 billion, a PE ratio of 18.47, a PEG ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.73, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average price is $28.43 and its two-hundred day moving average price is $30.12. ASSD BRIT FOODS/ADR has a 1 year low of $25.49 and a 1 year high of $34.86.

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.

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Earnings History and Estimates for ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY)

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