Associated British Foods (ASBFY) Set to Announce Earnings on Tuesday

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

Associated British Foods Stock Up 0.5%

Shares of ASBFY stock opened at $26.36 on Tuesday. Associated British Foods has a fifty-two week low of $23.36 and a fifty-two week high of $31.11. The firm’s 50 day moving average price is $25.99 and its two-hundred day moving average price is $25.88. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

ASBFY has been the topic of several research reports. Zacks Research lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Kepler Capital Markets downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Associated British Foods presently has a consensus 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.