JBS (NYSE:JBS) Issues Earnings Results

JBS (NYSE:JBS) announced its quarterly earnings results on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12), FiscalAI reports. The firm had revenue of $23.90 billion for the quarter. JBS had a net margin of 1.98% and a return on equity of 19.28%. JBS’s quarterly revenue was up 13.8% on a year-over-year basis.

JBS Price Performance

Shares of JBS stock traded down $0.85 during midday trading on Monday, reaching $13.38. 9,148,244 shares of the company were exchanged, compared to its average volume of 5,751,121. JBS has a 12 month low of $11.49 and a 12 month high of $18.65. The company has a market cap of $10.38 billion, a P/E ratio of 8.42, a PEG ratio of 0.86 and a beta of -1.66. The company’s 50 day moving average price is $12.44 and its two-hundred day moving average price is $14.67. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JBS. Rhumbline Advisers acquired a new position in shares of JBS during the 2nd quarter valued at $203,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of JBS in the second quarter valued at $5,490,000. EverSource Wealth Advisors LLC bought a new position in JBS during the second quarter valued at about $29,000. First Trust Advisors LP bought a new position in JBS during the second quarter valued at about $1,419,000. Finally, Marshall Wace LLP acquired a new position in JBS during the second quarter worth about $5,206,000.

Analyst Ratings Changes

Several brokerages recently weighed in on JBS. Wall Street Zen upgraded shares of JBS from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings lowered shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Barclays reduced their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Finally, UBS Group set a $17.00 price objective on JBS in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $18.75.

JBS Company Profile

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.