JBS (NYSE:JBS) Issues Earnings Results, Misses Estimates By $0.08 EPS

JBS (NYSE:JBS) posted its quarterly earnings data 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 company had revenue of $21.61 billion during the quarter.

JBS Stock Performance

Shares of JBS opened at $15.28 on Wednesday. The company has a market cap of $11.86 billion and a price-to-earnings ratio of 10.61. JBS has a 12 month low of $12.37 and a 12 month high of $18.65. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 2.28. The business’s fifty day simple moving average is $16.54 and its two-hundred day simple moving average is $15.29.

JBS Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th.

Hedge Funds Weigh In On JBS

A number of institutional investors and hedge funds have recently modified their holdings of JBS. EverSource Wealth Advisors LLC purchased a new position in shares of JBS in the 2nd quarter worth $29,000. Los Angeles Capital Management LLC purchased a new position in shares of JBS in the 4th quarter worth $31,000. Global Trust Asset Management LLC purchased a new position in shares of JBS in the 1st quarter worth $34,000. Quarry LP purchased a new position in shares of JBS in the 3rd quarter worth $34,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of JBS by 489.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after buying an additional 2,206 shares during the last quarter.

Analyst Ratings Changes

JBS has been the subject of a number of analyst reports. Barclays raised their price objective on JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. UBS Group raised JBS to a “strong-buy” rating in a research report on Friday, February 6th. Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. Zacks Research lowered JBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of JBS in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $20.08.

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.