JBS (NYSE:JBS) Posts Earnings Results

JBS (NYSE:JBS) issued its quarterly earnings data on Wednesday. The company reported $0.40 EPS for the quarter, FiscalAI reports. The company had revenue of $23.06 billion during the quarter.

JBS Trading Up 2.4%

Shares of NYSE:JBS traded up $0.37 during trading on Wednesday, hitting $15.71. The company’s stock had a trading volume of 3,490,200 shares, compared to its average volume of 4,538,313. JBS has a fifty-two week low of $12.37 and a fifty-two week high of $17.80. The business has a 50 day moving average price of $15.68 and a two-hundred day moving average price of $14.65. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54.

Analyst Ratings Changes

Several research firms recently weighed in on JBS. Zacks Research downgraded shares of JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. UBS Group upgraded JBS to a “strong-buy” rating in a report on Friday, February 6th. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group set a $18.50 target price on JBS in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $19.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Steadtrust LLC raised its position in shares of JBS by 0.5% during the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after acquiring an additional 800 shares in the last quarter. Capital Research Global Investors increased its stake in JBS by 0.6% in the third quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock valued at $2,186,000 after purchasing an additional 839 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after purchasing an additional 908 shares in the last quarter. Dodge & Cox raised its holdings in JBS by 6.3% during the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of JBS by 41.9% in the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after buying an additional 1,223 shares in the last quarter.

About JBS

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.