JBS (NYSE:JBS) Posts Quarterly Earnings Results, Misses Expectations By $2.22 EPS

JBS (NYSE:JBS) issued its quarterly earnings data on Friday. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22), Briefing.com reports. JBS’s quarterly revenue was up 13.4% on a year-over-year basis.

JBS Stock Performance

JBS stock traded up $0.10 during mid-day trading on Friday, reaching $13.24. 8,701,785 shares of the company’s stock were exchanged, compared to its average volume of 5,961,241. The business has a fifty day simple moving average of $13.94. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. JBS has a one year low of $12.37 and a one year high of $17.80.

Institutional Trading of JBS

A number of large investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC grew its position in shares of JBS by 66.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 378,074 shares of the company’s stock valued at $5,645,000 after purchasing an additional 150,281 shares in the last quarter. Creative Planning boosted its stake in JBS by 42.2% during the third quarter. Creative Planning now owns 104,954 shares of the company’s stock valued at $1,567,000 after buying an additional 31,136 shares during the period. Lazard Asset Management LLC purchased a new position in JBS during the third quarter worth about $491,000. AQR Capital Management LLC increased its stake in JBS by 5,122.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,045,975 shares of the company’s stock worth $30,546,000 after acquiring an additional 2,006,798 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of JBS by 2,891.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,211,684 shares of the company’s stock valued at $33,020,000 after acquiring an additional 2,137,761 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Mizuho set a $20.00 price objective on JBS in a report on Tuesday, October 28th. Wall Street Zen lowered shares of JBS from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Santander assumed coverage on shares of JBS in a report on Thursday, August 14th. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of JBS in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered 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 Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, JBS has an average rating of “Hold” and an average target price of $19.67.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.