ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) to Post FY2020 Earnings of $1.90 Per Share, Jefferies Financial Group Forecasts

ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) – Research analysts at Jefferies Financial Group lifted their FY2020 earnings per share estimates for shares of ASSD BRIT FOODS/ADR in a report issued on Tuesday, November 5th. Jefferies Financial Group analyst J. Grzinic now forecasts that the company will earn $1.90 per share for the year, up from their previous 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.

Several other analysts also recently commented on ASBFY. Goldman Sachs Group raised shares of ASSD BRIT FOODS/ADR from a “neutral” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of 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.

ASBFY traded up $0.01 on Friday, reaching $31.40. 10,690 shares of the company traded hands, compared to its average volume of 46,122. The stock’s 50 day moving average price is $28.43 and its 200-day moving average price is $30.12. ASSD BRIT FOODS/ADR has a 52-week low of $25.49 and a 52-week high of $34.86. The company has a market cap of $24.32 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.73 and a quick ratio of 0.95.

The firm 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 $0.398 dividend. This is an increase from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39. The ex-dividend date is Thursday, December 12th. ASSD BRIT FOODS/ADR’s payout ratio is currently 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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