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

Associated British Foods (OTCMKTS:ASBFY) is projected to announce its results before the market opens on Tuesday, April 21st. Analysts expect the company to announce earnings of $0.83 per share and revenue of $9.3442 billion for the quarter.

Associated British Foods Price Performance

OTCMKTS:ASBFY opened at $25.58 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54. The stock’s fifty day simple moving average is $25.49 and its 200-day simple moving average is $27.25. Associated British Foods has a 12-month low of $23.36 and a 12-month high of $31.96.

Analyst Ratings Changes

ASBFY has been the subject of several recent research reports. Royal Bank Of Canada downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Zacks Research downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Sanford C. Bernstein downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Associated British Foods Company Profile

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.