JBS (NYSE:JBS) Posts Quarterly Earnings Results, Misses Estimates By $0.41 EPS

Key Points

• JBS reported a quarterly loss of $0.09 per share, missing analysts’ consensus estimate of $0.32 by $0.41. The company posted a 1.98% net margin and 19.28% return on equity.
• Shares fell 6.0% to $13.38 following the earnings release, while trading volume exceeded its average. JBS has a market capitalization of $10.38 billion and a debt-to-equity ratio of 2.42.
• Despite the earnings miss, analysts maintain an average “Buy” rating with a consensus price target of $18.75; several institutional investors also initiated positions during the second quarter.

JBS (NYSE:JBS - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.41), Zacks reports. JBS had a net margin of 1.98% and a return on equity of 19.28%.

JBS Stock Down 6.0%

JBS traded down $0.85 on Monday, reaching $13.38. The company's stock had a trading volume of 9,141,486 shares, compared to its average volume of 5,751,049. The stock has a 50 day moving average of $12.44 and a two-hundred day moving average of $14.67. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 0.86 and a beta of -1.66. JBS has a fifty-two week low of $11.49 and a fifty-two week high of $18.65.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JBS shares. UBS Group set a $17.00 price target on shares of JBS in a research note on Tuesday, May 19th. Barclays dropped their price objective on shares of JBS from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of JBS from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd. Weiss Ratings downgraded shares of JBS from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 29th. Finally, Zacks Research raised JBS from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, JBS currently has an average rating of "Buy" and an average target price of $18.75.

Institutional Trading of JBS

Several institutional investors have recently modified their holdings of JBS. Rhumbline Advisers acquired a new position in shares of JBS in the 2nd quarter valued at $203,000. Arrowstreet Capital Limited Partnership acquired a new stake in JBS during the 2nd quarter worth $5,490,000. EverSource Wealth Advisors LLC acquired a new stake in JBS during the 2nd quarter worth $29,000. First Trust Advisors LP purchased a new stake in JBS in the second quarter valued at $1,419,000. Finally, Marshall Wace LLP purchased a new stake in JBS in the second quarter valued at $5,206,000.

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.

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