Associated British Foods (ASBFY) Expected to Release Quarterly Earnings on Tuesday

Associated British Foods (OTCMKTS:ASBFY) is projected to announce its resultson Tuesday, November 3rd. Analysts expect the company to post earnings of $1.14 per share and revenue of $13.60 billion for the quarter.

Associated British Foods Trading Up 0.5%

Shares of ASBFY stock opened at $26.36 on Tuesday. The business’s fifty day moving average price is $25.99 and its 200 day moving average price is $25.88. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.11. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

Several brokerages have weighed in on ASBFY. Kepler Capital Markets lowered shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Zacks Research downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Two analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Strong Sell”.

About Associated British Foods

Associated British Foods plc is a diversified international food, ingredients and retail company headquartered in the United Kingdom. Founded in 1935, the group operates through five principal businesses: grocery, ingredients, sugar, agriculture and retail.

Its grocery operations produce branded and private-label foods, including bread, cereals, cooking ingredients, condiments, teas and other packaged products. The ingredients business supplies specialty ingredients such as yeast, enzymes, bakery products and savory solutions to food manufacturers.