JBS (NYSE:JBS) Announces Quarterly Earnings Results

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

JBS Trading Up 5.2%

JBS stock traded up $0.66 during trading on Monday, hitting $13.13. The company had a trading volume of 8,875,027 shares, compared to its average volume of 5,822,599. The firm has a market capitalization of $10.19 billion, a P/E ratio of 12.88, a PEG ratio of 3.29 and a beta of -1.55. JBS has a 52-week low of $10.61 and a 52-week high of $18.65. The company has a 50 day simple moving average of $12.41 and a 200-day simple moving average of $14.03. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51.

Analyst Ratings Changes

JBS has been the subject of several analyst reports. Stephens lowered their price objective on JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Barclays cut their target price on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings upgraded JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. JPMorgan Chase & Co. lowered their price target on JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Finally, Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, JBS currently has a consensus rating of “Moderate Buy” and an average price target of $18.10.

Insiders Place Their Bets

In other JBS news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were 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 the SEC website.

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.