BRF(BRFS)

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4 Top Breakout Stocks to Buy for Enticing Returns
zacks.com· 2024-05-24 13:20
It's worth picking breakout stocks to get unmatched returns. This technique involves selecting stocks whose prices fluctuate within a narrow band. If the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break above this trading band. Such stocks offer the prospect of impressive gains. To that end, Superior Group of Companies (SGC) , BRF (BRFS) , Galiano Gold (GAU) and Robinhood Markets (HOOD) have b ...
BRFS vs. MHGVY: Which Stock Should Value Investors Buy Now?
zacks.com· 2024-05-22 16:46
Investors interested in Food - Miscellaneous stocks are likely familiar with BRF (BRFS) and Marine Harvest ASA (MHGVY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision t ...
BRF (BRFS) Is Up 6.18% in One Week: What You Should Know
zacks.com· 2024-05-20 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...
Is Trending Stock BRF S.A. (BRFS) a Buy Now?
Zacks Investment Research· 2024-05-13 14:02
BRF (BRFS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this chicken, beef and pork producer have returned +11.6%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Food - Miscellaneous industry, which BRF falls in, has gained 2.7%. The key question now is: What could be the stock's future direct ...
Are Consumer Staples Stocks Lagging BRF (BRFS) This Year?
Zacks Investment Research· 2024-05-10 14:47
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has BRF (BRFS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.BRF is a member of the Consumer Staples sector. This group includes 191 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different grou ...
3 Consumer Food Stocks Receiving Strong Buy Ratings This Week
Zacks Investment Research· 2024-05-10 00:56
Glancing at the Zacks Rank #1 (Strong Buy) list, several consumer staples stocks were added this week with them sharing the commonality of being consumer food companies.Let’s take a look at why now appears to be a good time to buy these highly ranked consumer food stocks.Tyson Foods (TSN) As the largest chicken producer in the United States, Tyson Foods doesn’t need much of an introduction with the company also being a primary distributor of beef and pork. Tyson Foods has started to put labor and production ...
Fast-paced Momentum Stock BRF (BRFS) Is Still Trading at a Bargain
Zacks Investment Research· 2024-05-09 13:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid 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.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 ahead of their future growth potential. In such a situation, invest ...
BRF(BRFS) - 2024 Q1 - Earnings Call Transcript
2024-05-08 23:20
Financial Data and Key Metrics Changes - The company reported net revenue of R$13.4 billion for Q1 2024, with EBITDA of R$2.1 billion, resulting in an EBITDA margin of approximately 16% [22] - Free cash flow performance was R$844 million, and the financial cycle was reduced to 4.7 days, three days less than the same period last year [22] - Inventory turnover reached a historic low of 75 days, and leverage was at 1.45x EBITDA, the lowest in eight years [22][6] Business Line Data and Key Metrics Changes - In agriculture, feed conversion for poultry and pork decreased by 2.9% and 0.6%, respectively, while chicken mortality fell by 1% and pork by 0.7% [5] - Factory output increased by over 3.6%, and logistics improvements led to reduced returns and significantly raised service levels in Brazil [5] - The halal market saw growth due to Ramadan, with new product launches contributing to performance [4] Market Data and Key Metrics Changes - The international market showed healthy margins, with an EBITDA margin increase of 6% compared to the previous quarter, driven by recovery in export rates and strong performance in Turkey and GCC [4] - The company expanded its business alternatives with 25 new licenses for various markets, maximizing prices [23] Company Strategy and Development Direction - The company is focused on continuous improvement through the BRF+ program, which has become part of its culture and operational strategy [9] - There is an emphasis on capturing commercial opportunities in both domestic and export markets, leveraging strong brand recognition [10] - The company aims to maintain a balance between growth and profitability, with a clear strategy for sustainable and responsible growth [100] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market's resilience and the company's ability to capitalize on opportunities, particularly in exports [10][11] - The company is closely monitoring cost dynamics, especially regarding grains, and expects stable feed costs in the short term [90] - Management highlighted improvements in operational efficiency and the potential for further gains as the BRF+ program continues [117] Other Important Information - The company has initiated a fundraising campaign to support communities affected by recent events, demonstrating its commitment to social responsibility [20] - The company reported a significant improvement in employee engagement, reflecting effective management practices [25] Q&A Session Summary Question: What is the expectation regarding costs and efficiency? - Management indicated that the efficiency program is ongoing, with expectations for continuous improvement in performance indicators [14] Question: How does the company view the international market, particularly China? - The company noted a shift in export dynamics, with a decrease in poultry exports to China compared to previous years, but overall expectations for growth in Asia remain positive [51] Question: What are the plans for capital allocation and shareholder returns? - Management emphasized a focus on reducing gross debt while considering shareholder returns through dividends and buyback programs [48][49] Question: How is the company addressing logistics challenges? - Management confirmed that logistics operations have improved, with a focus on maintaining production flow despite recent disruptions [42] Question: What is the outlook for processed products and market share? - The company reported a stable market share in processed products and highlighted the potential for growth in categories like cold cuts [74] Question: How does the company plan to balance growth and profitability? - Management reiterated the importance of sustainable growth, emphasizing that growth should not come at the expense of profitability [100]
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].