Associated British Foods plc to Post FY2025 Earnings of $2.06 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:ASBFY)

Associated British Foods plc (OTCMKTS:ASBFY – Get Rating) – Equities research analysts at Jefferies Financial Group issued their FY2025 earnings per share estimates for Associated British Foods in a research note issued to investors on Tuesday, January 17th. Jefferies Financial Group analyst J. Grzinic forecasts that the company will post earnings of $2.06 per share for the year. The consensus estimate for Associated British Foods’ current full-year earnings is $1.38 per share.

Several other equities research analysts have also weighed in on the company. The Goldman Sachs Group upgraded Associated British Foods from a “sell” rating to a “neutral” rating in a research report on Thursday, December 1st. Morgan Stanley upgraded Associated British Foods from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 2nd. Finally, HSBC lowered Associated British Foods from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1,850.00.

Associated British Foods Stock Up 1.2 %

OTCMKTS ASBFY opened at $22.99 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.13 and a current ratio of 1.93. Associated British Foods has a twelve month low of $13.50 and a twelve month high of $28.37. The stock’s 50 day moving average is $20.01 and its 200 day moving average is $18.18.

Associated British Foods Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 16th will be issued a $0.2962 dividend. This represents a yield of 2.12%. This is an increase from Associated British Foods’s previous dividend of $0.14. The ex-dividend date of this dividend is Thursday, December 15th.

About Associated British Foods

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Associated British Foods Plc engages in the business of manufacturing and trading of consumer goods. It operates through the following business segments: Grocery, Sugar, Agriculture, Ingredients and Retail. The Grocery segment produces beverages, sweeteners, vegetable oils, bread, baked goods, cereals, herbs and spices, and meat products.