UPDATE 1-Brazil's BRF Q1 profit beats analysts' expectations [Yahoo! Finance]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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ir.brf-global.com
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Source: Yahoo! Finance
Brazilian pork and poultry processor BRF SA has reported first quarter results that beat analysts' expectations on the back of strong international and domestic performance, according to an earnings statement on Tuesday. The company said it earned 594 million reais ($117.17 million) in the period, beating the average of analysts' forecasts at 449.79 million reais. Consolidated operating margins came in at 15.8%, which management considers strong for a quarter that is seasonally weaker compared with the final three months of the year, when Christmas and holidays tend to bolster food sales. BRF said operating efficiencies, financial discipline and what it called "an optimized capital structure" drove results while also helping lower BRF's debt levels. The company's net debt to EBITDA ratio fell to 1.45 times in the three months ending in March, the lowest in eight years, BRF said. "We remain committed to reducing debt, creating conditions for the company to improve its business
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BRFS
News
- Brf S.A. (NYSE: BRFS) had its price target raised by analysts at Barclays PLC from $4.00 to $4.50. They now have an "overweight" rating on the stock.MarketBeat
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BRFS
Sec Filings
- 5/14/24 - Form 6-K
- 5/14/24 - Form 6-K
- 5/8/24 - Form 6-K
- BRFS's page on the SEC website