JBS (NYSE:JBS) Issues Quarterly Earnings Results

JBS (NYSE:JBS) announced its quarterly earnings data on Monday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12), FiscalAI reports. JBS had a return on equity of 11.90% and a net margin of 1.22%.The company had revenue of $23.90 billion for the quarter. JBS’s quarterly revenue was up 13.8% on a year-over-year basis.

JBS Stock Performance

NYSE:JBS traded up $0.04 during trading on Wednesday, reaching $13.06. The company’s stock had a trading volume of 239,344 shares, compared to its average volume of 5,757,810. JBS has a 12 month low of $11.49 and a 12 month high of $18.65. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.81 and a beta of -1.65. The firm has a 50 day moving average of $12.48 and a 200-day moving average of $14.64. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

Institutional Trading of JBS

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of JBS in the 2nd quarter worth approximately $29,000. Los Angeles Capital Management LLC purchased a new position in shares of JBS during the 4th quarter valued at $31,000. Quarry LP bought a new position in shares of JBS during the 3rd quarter worth $34,000. Parallel Advisors LLC purchased a new stake in JBS in the 3rd quarter worth about $61,000. Finally, Macquarie Group Ltd. bought a new stake in JBS in the 4th quarter valued at about $73,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JBS. UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Barclays cut their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. JPMorgan Chase & Co. upgraded JBS from a “neutral” rating to an “overweight” rating and set a $18.00 price objective for the company in a report on Tuesday, July 28th. Wall Street Zen upgraded JBS from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Weiss Ratings lowered shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, JBS has a consensus rating of “Buy” and a consensus target price of $18.75.

Key JBS News

Here are the key news stories impacting JBS this week:

• Positive Sentiment: JBS USA plans to invest approximately $30 million to modernize its Souderton, Pennsylvania, beef facility and convert it into a value-added operation. The project is expected to preserve about 400 jobs and could improve the plant’s product mix and profitability. JBS USA Saves 400 Souderton Jobs with $30 Million Value-Added Plant Transition
• Positive Sentiment: Analysts continue to highlight JBS as an attractively valued stock with earnings momentum and potential upside, providing a positive counterpoint to weakness in crowded artificial-intelligence investments. 3 Overlooked Stocks Analysts Still Like as AI Trades Get Crowded
• Neutral Sentiment: JBS named Wesley Batista Filho as global chief executive officer, while former CEO Gilberto Tomazoni is expected to become vice chairman. The appointment restores leadership to the Batista family and may bring continuity, but investors are evaluating the governance implications and the new CEO’s ability to execute. JBS names Wesley Batista Filho new global CEO
• Positive Sentiment: The company reached a reported $3.54 billion agreement with Indonesia’s sovereign wealth fund, potentially expanding its strategic and financial resources. Details on the transaction’s financial impact remain limited. JBS strikes deal with Indonesian sovereign wealth fund
• Negative Sentiment: Second-quarter results were the primary drag: JBS reported revenue of $23.90 billion, up 13.8% year over year, but earnings fell well short of the $0.32-per-share consensus. Reports characterized the quarter as a surprise loss or approximately $0.20 per share in earnings, versus $0.53 a year earlier. The weak bottom-line performance, combined with a net margin of only 1.22%, is fueling the selloff despite strong sales growth. JBS Reports Q2 Loss, Beats Revenue Estimates

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.