JBS (NYSE:JBS) Posts Earnings Results

JBS (NYSE:JBS) issued its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08), FiscalAI reports. The business had revenue of $21.61 billion during the quarter.

JBS Stock Down 2.0%

NYSE JBS traded down $0.31 during trading hours on Tuesday, hitting $15.28. The company had a trading volume of 9,856,659 shares, compared to its average volume of 4,719,485. JBS has a fifty-two week low of $12.37 and a fifty-two week high of $18.65. The company has a market capitalization of $11.86 billion and a price-to-earnings ratio of 10.61. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.60 and a quick ratio of 0.91. The firm’s 50 day moving average is $16.54 and its 200 day moving average is $15.29.

JBS Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be issued a $1.00 dividend. The ex-dividend date is Monday, May 18th.

Institutional Trading of JBS

Hedge funds and other institutional investors have recently modified their holdings of the business. APG Asset Management N.V. purchased a new stake in shares of JBS during the third quarter worth about $2,013,000. Keybank National Association OH acquired a new stake in shares of JBS during the 3rd quarter valued at approximately $543,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of JBS by 34.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock valued at $6,456,000 after acquiring an additional 117,500 shares in the last quarter. Private Advisory Group LLC raised its position in shares of JBS by 9.4% during the 4th quarter. Private Advisory Group LLC now owns 711,525 shares of the company’s stock valued at $10,260,000 after acquiring an additional 60,937 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of JBS during the 3rd quarter valued at approximately $1,183,000.

Analyst Upgrades and Downgrades

JBS has been the topic of several research reports. Zacks Research lowered JBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. increased their target price on JBS from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of JBS in a research report on Monday, May 4th. UBS Group raised JBS to a “strong-buy” rating in a research report on Friday, February 6th. Finally, Barclays increased their target price on JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, JBS presently has an average rating of “Buy” and an average price target of $20.08.

About JBS

JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.