JBS (NYSE:JBS) Announces Earnings Results, Misses Estimates By $2.22 EPS

JBS (NYSE:JBS) issued its quarterly earnings data on Friday. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $2.74 by ($2.22), Briefing.com reports. JBS’s quarterly revenue was up 13.4% compared to the same quarter last year.

JBS Stock Performance

JBS stock opened at $13.24 on Friday. JBS has a 52-week low of $12.37 and a 52-week high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The company’s 50-day moving average price is $13.94.

Hedge Funds Weigh In On JBS

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new position in JBS in the 2nd quarter worth approximately $29,000. Parallel Advisors LLC purchased a new stake in JBS during the 3rd quarter valued at approximately $61,000. Osaic Holdings Inc. bought a new stake in shares of JBS during the second quarter valued at approximately $94,000. Smartleaf Asset Management LLC purchased a new position in shares of JBS in the second quarter worth $129,000. Finally, Cresset Asset Management LLC bought a new position in shares of JBS during the second quarter worth $176,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Santander began coverage on shares of JBS in a research note on Thursday, August 14th. They set a “neutral” rating on the stock. Mizuho set a $20.00 target price on shares of JBS in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of JBS in a research note on Tuesday. Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Stephens reissued an “overweight” rating and issued a $19.00 target price on shares of JBS in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.67.

About JBS

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.