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Best Value Stocks to Buy for May 8th
Zacks Investment Research· 2024-05-08 13:25
Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 8th:  Gray Television (GTN) : This communications company which currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.4% over the last 60 days.Gray Television has a ...
BRF(BRFS) - 2024 Q1 - Quarterly Report
2024-05-08 00:21
Financial Performance - In Q1 2024, the international segment reported net operating revenues of R$6,484 million, a 5.5% increase year-over-year and a 4.4% increase quarter-over-quarter[12]. - The Brazil segment reported net operating revenues of R$6,162 million, a 4.0% decrease year-over-year and a 16.6% decrease quarter-over-quarter[38]. - Net revenue for 1Q24 reached R$13,376 million, a 1.4% increase year-over-year compared to R$13,191 million in 1Q23[90]. - Net sales for Q1 2024 reached $10.87 billion, a decrease of 9.4% compared to $11.99 billion in Q1 2023[178]. - Gross profit for Q1 2024 was $2.22 billion, down from $2.28 billion in Q1 2023, reflecting a gross margin of 20.4%[178]. - Adjusted EBITDA for Q1 2024 reached R$2,117 million, up 248.8% year-over-year, with an EBITDA margin of 15.8%, an increase of 11.2 percentage points compared to 1Q23[132]. - The company reported a net income of R$594 million in 1Q24, a significant recovery from a net loss of R$1,024 million in 1Q23, reflecting a 12.2 percentage point improvement in net margin to 4.4%[129]. - Comprehensive income for Q1 2024 was $434 million, compared to a loss of $1.00 billion in Q1 2023[181]. Cost Management - Cost of Goods Sold (COGS) decreased by 11.7% year-over-year to R$10,153 million in 1Q24, reflecting a reduction in unit costs driven by lower grain prices[96]. - Financial expenses decreased to $931 million in Q1 2024 from $1.06 billion in Q1 2023, indicating improved cost management[178]. - Net Financial Expenses decreased to 538 million RS, down 37.5% from 860 million RS in Q1 2023[200]. - The BRF+ efficiency program generated accumulated gains of R$438 million in 1Q24, with approximately R$340 million attributed to cost reductions[99]. Market Expansion and Product Development - In the Halal market, the company experienced a 12.4% quarter-over-quarter growth in sales volume for processed products, achieving the highest historical market share[13]. - The company launched 20 new products globally in Q1 2024, including a significant return to the British market[24]. - The company anticipates continued market expansion and new product development initiatives in the upcoming quarters[180]. Operational Efficiency - Operating cash flow improved to R$2,048 million in 1Q24, an increase of R$1,176 million from 1Q23, driven by better operational performance and inventory management[141]. - The company achieved a cash conversion cycle of 4.7 days in 1Q24, a reduction of 2.8 days year-over-year, reflecting improved efficiency in inventory turnover[142]. - The average sales price increased by 3.5% year-over-year, contributing to the overall revenue growth despite a 7.3% quarterly decline due to seasonal effects[89]. Financial Position - Total gross debt decreased to R$19,414 million as of March 31, 2024, down 0.9% from R$19,593 million on December 31, 2023[166]. - Net debt reduced to R$9,016 million, reflecting a 4.8% decrease from R$9,475 million in the previous quarter[167]. - The company reported an outstanding balance of R$889,002 related to credit rights as of March 31, 2024, down from R$1,072,964 on December 31, 2023[51]. - Total current and non-current receivables were reported at R$741,759 as of March 31, 2024, down from R$767,873 on December 31, 2023[50]. Sustainability and Corporate Responsibility - The company improved its Sustainalytics rating, becoming the best-ranked in its sector among over 20,000 companies[195]. - The company was awarded the 'Green Label Industries' seal for good environmental practices at its Kezad plant in the UAE for the second consecutive year[196]. - The 2023 Sustainability Report includes a complete mapping of emissions from the entire supply chain, aligned with global reporting standards[197]. Shareholder Value - Total equity increased to R$15,228,142 million from R$14,923,428 million, reflecting a positive growth in shareholder value[175]. - Dividends declared during the period were 97 thousand Brazilian Reais, indicating a return to shareholders[183].
Why Fast-paced Mover BRF (BRFS) Is a Great Choice for Value Investors
Zacks Investment Research· 2024-04-23 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...
BRF(BRFS) - 2023 Q4 - Annual Report
2024-04-19 01:59
FORM 6-K U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 dated April 18, 2024 Commission File Number 1-15148 BRF S.A. (Exact Name as Specified in its Charter) N/A (Translation of Registrant's Name) 14401 AV. DAS NACOES UNIDAS 22ND FLOOR CHAC SANTO ANTONIO 04730 090-São Paulo – SP, Brazil (Address of principal executive offices) (Zip code) Indicate by check mark whether the registrant file ...
BRF(BRFS) - 2023 Q4 - Annual Report
2024-04-19 01:40
As filed with the Securities and Exchange Commission on April 18, 2024. FORM 20-F BRF S.A. (Exact Name of Registrant as Specified in its charter) N/A (Translation of Registrant's name into English) Federative Republic of Brazil (Jurisdiction of Incorporation or Organization) Av. Das Nações Unidas, 14.401 – 22nd to 25th Floors, Torre Jequitibá Condomínio Parque da Cidade, Chácara Santo Antônio – 04730-090 São Paulo – SP, Brazil (Address of principal executive offices) Fabio Luis Mendes Mariano Chief Financia ...
Is BRF (BRFS) Stock Undervalued Right Now?
Zacks Investment Research· 2024-04-17 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current ...
Is BRF (BRFS) Stock Outpacing Its Consumer Staples Peers This Year?
Zacks Investment Research· 2024-04-08 14:41
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. BRF (BRFS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.BRF is a member of our Consumer Staples group, which includes 191 different ...
Should Value Investors Buy BRF (BRFS) Stock?
Zacks Investment Research· 2024-04-01 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to fi ...
Despite Fast-paced Momentum, BRF (BRFS) Is Still a Bargain Stock
Zacks Investment Research· 2024-03-21 13:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...
Are Investors Undervaluing BRF (BRFS) Right Now?
Zacks Investment Research· 2024-03-14 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...