JBS (NYSE:JBS – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.16 earnings per share (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 return on equity of 12.00% and a net margin of 1.22%.
JBS Stock Up 5.2%
Shares of NYSE:JBS traded up $0.66 on Monday, reaching $13.13. The company had a trading volume of 8,875,027 shares, compared to its average volume of 5,822,599. JBS has a 52-week low of $10.61 and a 52-week high of $18.65. The firm’s 50 day simple moving average is $12.41 and its 200-day simple moving average is $14.03. The firm has a market capitalization 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 current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51.
Insider Buying and Selling at JBS
In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Analysts Set New Price Targets
Several research firms recently weighed in on JBS. Wall Street Zen downgraded JBS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Barclays dropped their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Weiss Ratings upgraded shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. JPMorgan Chase & Co. cut their target price on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Finally, UBS Group boosted their price target on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.10.
Read Our Latest Research Report on JBS
JBS Company Profile
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 AnĂ¡polis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.
Further Reading
- Five stocks we like better than JBS
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for JBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JBS and related companies with MarketBeat.com's FREE daily email newsletter.
