Zacks: Brokerages Anticipate Fibria Celulose SA (FBR) Will Post Earnings of $1.03 Per Share

Brokerages expect that Fibria Celulose SA (NYSE:FBR) will post earnings per share of $1.03 for the current quarter, according to Zacks. Zero analysts have made estimates for Fibria Celulose’s earnings. Fibria Celulose posted earnings of $0.16 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 543.8%. The firm is scheduled to announce its next earnings results on Monday, February 4th.

On average, analysts expect that Fibria Celulose will report full year earnings of $1.75 per share for the current year. For the next fiscal year, analysts expect that the company will post earnings of $3.04 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Fibria Celulose.

Fibria Celulose (NYSE:FBR) last announced its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.11). The firm had revenue of $751.40 million for the quarter. Fibria Celulose had a return on equity of 11.52% and a net margin of 11.40%.

Several brokerages have weighed in on FBR. ValuEngine cut Fibria Celulose from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research cut Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Citigroup set a $22.00 price target on Fibria Celulose and gave the company a “hold” rating in a research note on Monday, November 5th. Finally, FBR & Co cut Fibria Celulose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.42.

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB bought a new stake in Fibria Celulose during the 3rd quarter worth approximately $415,000. AQR Capital Management LLC increased its stake in Fibria Celulose by 21.4% during the 3rd quarter. AQR Capital Management LLC now owns 126,650 shares of the basic materials company’s stock worth $2,347,000 after purchasing an additional 22,304 shares in the last quarter. Jane Street Group LLC bought a new stake in Fibria Celulose during the 3rd quarter worth approximately $3,183,000. Deutsche Bank AG increased its stake in Fibria Celulose by 77.6% during the 3rd quarter. Deutsche Bank AG now owns 621,017 shares of the basic materials company’s stock worth $11,505,000 after purchasing an additional 271,345 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Fibria Celulose by 24.0% during the 3rd quarter. Renaissance Technologies LLC now owns 8,382,428 shares of the basic materials company’s stock worth $155,326,000 after purchasing an additional 1,624,300 shares in the last quarter. 7.20% of the stock is owned by institutional investors.

NYSE:FBR traded up $0.01 on Friday, hitting $18.54. 26,557 shares of the stock were exchanged, compared to its average volume of 918,909. The stock has a market capitalization of $10.26 billion, a P/E ratio of 30.39 and a beta of -0.20. Fibria Celulose has a 52 week low of $13.34 and a 52 week high of $22.05. The company has a current ratio of 2.39, a quick ratio of 1.94 and a debt-to-equity ratio of 1.18.

The business also recently declared a dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Wednesday, December 5th will be paid a $1.329 dividend. The ex-dividend date is Tuesday, December 4th. This is a boost from Fibria Celulose’s previous dividend of $0.13. Fibria Celulose’s dividend payout ratio is 18.03%.

Fibria Celulose Company Profile

Fibria Celulose SA produces, sells, and exports short fiber pulp in Brazil and internationally. It manufactures and sells bleached eucalyptus kraft pulp. The company has approximately 1,056,000 hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul, and Bahia.

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