BRF S.A. (NYSE: BRFS) stock fell -2.53% on Monday to $1.54 against a previous-day closing price of $1.58. With 4.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.68 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $1.5650 whereas the lowest price it dropped to was $1.5000. The 52-week range on BRFS shows that it touched its highest point at $4.36 and its lowest point at $1.27 during that stretch. It currently has a 1-year price target of $2.05. Beta for the stock currently stands at 1.70.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BRFS was down-trending over the past week, with a drop of -3.75%, but this was up by 11.59% over a month. Three-month performance dropped to -45.77% while six-month performance fell -46.53%. The stock lost -64.27% in the past year, while it has lost -2.53% so far this year. A look at the trailing 12-month EPS for BRFS yields -0.20 with Next year EPS estimates of -0.03. For the next quarter, that number is 0.00. This implies an EPS growth rate of -63.90% for this year and 92.50% for next year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.20%.
Float and Shares Shorts:
At present, 1.08 billion BRFS shares are outstanding with a float of 722.15 million shares on hand for trading. On Oct 13, 2022, short shares totaled 10.9 million, which was 1.01% higher than short shares on Sep 14, 2022. In addition to Mr. Miguel de Souza Gularte as the firm’s Global Chief Exec. Officer, Mr. Fabio Luis Mendes Mariano serves as its Chief Financial & Investor Relations Officer and Member of Exec. Board.
Through their ownership of 6.46% of BRFS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.64% of BRFS, in contrast to 2.67% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BRFS with 2.09% of the stake, Allspring Global Investments LLC holds 22,640,193 shares worth 22,640,193. A second-largest stockholder of BRFS, Macquarie Investment Management B, holds 9,315,662 shares, controlling over 0.86% of the firm’s shares. Polunin Capital Partners Ltd. is the third largest shareholder in BRFS, holding 6,769,055 shares or 0.63% stake. With a 0.89% stake in BRFS, the Allspring Emerging Markets Equity is the largest stakeholder. A total of 9,669,115 shares are owned by the mutual fund manager. The Delaware Emerging Markets Fund, which owns about 0.63% of BRFS stock, is the second-largest Mutual Fund holder. It holds 6,850,000 shares valued at 10.82 million. Ninety One Glb. Strat. Fd. – Glob holds 0.21% of the stake in BRFS, owning 2,297,242 shares worth 3.63 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRFS since 12 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRFS analysts setting a high price target of $4.55 and a low target of $1.50, the average target price over the next 12 months is $3.06. Based on these targets, BRFS could surge 195.45% to reach the target high and fall by -2.6% to reach the target low. Reaching the average price target will result in a growth of 98.7% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BRFS will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.18 being high and -$0.43 being low. For BRFS, this leads to a yearly average estimate of -$0.31. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. BRF S.A. surprised analysts by -$0.02 when it reported -$0.02 EPS against a consensus estimate of $0.00. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.00.