JBS (NYSE:JBS) Posts Earnings Results, Misses Estimates By $0.10 EPS

JBS (NYSE:JBS) released its quarterly earnings results on Monday. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.10), Zacks reports. The firm had revenue of $22.74 billion for the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%.

JBS Price Performance

JBS traded up $0.66 during trading on Monday, reaching $13.13. The stock had a trading volume of 8,931,574 shares, compared to its average volume of 5,822,904. The stock has a market cap of $10.19 billion, a PE ratio of 12.88, a PEG ratio of 3.29 and a beta of -1.55. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. JBS has a one year low of $10.61 and a one year high of $18.65. The business has a 50-day moving average of $12.41 and a 200-day moving average of $14.03.

Analyst Upgrades and Downgrades

JBS has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Wall Street Zen lowered JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. UBS Group raised their price target on JBS from $17.00 to $17.50 and gave the company a “buy” rating in a report on Monday, August 24th. Weiss Ratings raised JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Finally, Barclays dropped their price target on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, JBS presently has an average rating of “Moderate Buy” and a consensus target price of $18.10.

Insiders Place Their Bets

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total value of $2,541,488.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

About JBS

JBS SA is a global food company focused on processing beef, pork, poultry and lamb. Its products include fresh and frozen meat, prepared and packaged foods, and value-added food products sold under brands such as Swift, Pilgrim’s and Seara. The company also produces ingredients and other products from animal byproducts, including leather and collagen.

Founded in 1953 in Anápolis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.