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

JBS (NYSE:JBSGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08), FiscalAI reports. The company had revenue of $21.61 billion for the quarter. JBS had a net margin of 1.98% and a return on equity of 19.09%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.

JBS Stock Performance

Shares of JBS stock traded down $0.58 during mid-day trading on Thursday, reaching $14.12. The stock had a trading volume of 4,560,442 shares, compared to its average volume of 4,803,191. The firm’s 50 day simple moving average is $16.49 and its 200 day simple moving average is $15.30. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 2.28. JBS has a one year low of $12.37 and a one year high of $18.65. The firm has a market cap of $10.95 billion and a PE ratio of 8.88.

JBS Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be given a $1.00 dividend. The ex-dividend date is Monday, May 18th. JBS’s dividend payout ratio (DPR) is currently 62.89%.

Institutional Trading of JBS

A number of hedge funds have recently modified their holdings of JBS. APG Asset Management N.V. bought a new position in JBS in the 3rd quarter valued at $2,013,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in JBS by 34.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock valued at $6,456,000 after purchasing an additional 117,500 shares during the last quarter. Keybank National Association OH bought a new position in JBS in the 3rd quarter valued at $543,000. Tudor Investment Corp ET AL bought a new position in JBS in the 3rd quarter valued at $1,183,000. Finally, Private Advisory Group LLC raised its position in JBS by 9.4% in the 4th quarter. Private Advisory Group LLC now owns 711,525 shares of the company’s stock valued at $10,260,000 after purchasing an additional 60,937 shares during the last quarter.

Analyst Ratings Changes

JBS has been the topic of several recent analyst reports. UBS Group raised JBS to a “strong-buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. downgraded JBS from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $20.50 to $18.50 in a research report on Thursday. Zacks Research downgraded JBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Barclays dropped their price target on JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.42.

Read Our Latest Stock Analysis on JBS

JBS Company Profile

(Get Free Report)

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.

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