JBS (NYSE:JBS) Posts Earnings Results, Misses Expectations By $0.41 EPS

JBS (NYSE:JBS) released its quarterly earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.41), Zacks reports. JBS had a return on equity of 19.28% and a net margin of 1.98%.

JBS Stock Performance

NYSE:JBS traded down $0.85 during mid-day trading on Monday, reaching $13.38. The stock had a trading volume of 9,141,486 shares, compared to its average volume of 5,751,049. JBS has a twelve month low of $11.49 and a twelve month high of $18.65. The business has a 50 day simple moving average of $12.44 and a 200 day simple moving average of $14.67. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.86 and a beta of -1.66. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JBS shares. Barclays lowered their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of JBS from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. raised shares of JBS from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a report on Tuesday, July 28th. Finally, Weiss Ratings downgraded shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $18.75.

Institutional Investors Weigh In On JBS

A number of hedge funds and other institutional investors have recently bought and sold shares of JBS. EverSource Wealth Advisors LLC acquired a new position in shares of JBS during the 2nd quarter worth $29,000. Los Angeles Capital Management LLC acquired a new stake in shares of JBS in the fourth quarter valued at about $31,000. Quarry LP acquired a new stake in shares of JBS in the third quarter valued at about $34,000. Parallel Advisors LLC purchased a new stake in JBS during the third quarter worth about $61,000. Finally, Macquarie Group Ltd. purchased a new stake in JBS during the fourth quarter worth about $73,000.

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.