JBS (NYSE:JBS) Posts Earnings Results, Misses Expectations By $1.86 EPS

JBS (NYSE:JBS) announced its earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.86), FiscalAI reports. The firm had revenue of $23.06 billion for the quarter. The company’s revenue for the quarter was up 15.5% on a year-over-year basis.

JBS Stock Performance

NYSE:JBS opened at $16.65 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 stock has a fifty day simple moving average of $15.73 and a 200-day simple moving average of $14.67.

JBS Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on JBS. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Zacks Research downgraded shares of JBS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, UBS Group raised JBS to a “strong-buy” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $19.40.

Hedge Funds Weigh In On JBS

Several hedge funds have recently added to or reduced their stakes in JBS. PNC Financial Services Group Inc. acquired a new stake in JBS during the 2nd quarter valued at $227,000. Geode Capital Management LLC purchased a new stake in shares of JBS in the second quarter valued at $31,092,000. Creative Planning purchased a new stake in shares of JBS in the second quarter valued at $1,078,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of JBS during the second quarter valued at $528,000. Finally, DNB Asset Management AS purchased a new stake in JBS during the 2nd quarter worth about $500,000.

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.