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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  JBS SA    JBSS3   BRJBSSACNOR8

JBS SA

(JBSS3)
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JBS 3Q Profit Soars 778% to BRL3.1 Billion

11/12/2020 | 11:23am EST

By Jeffrey T. Lewis

Brazil's JBS SA, the world's largest meat processor, said Wednesday profit soared in the third quarter from a year earlier as the weaker Brazilian real boosted revenue in that currency.

The meatpacking giant said net profit rose 778% to 3.1 billion reais, the equivalent of US$574.9 million, up from 356.7 million reais a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization rose 35% to 8 billion reais and revenue rose 34.3% to 70.1 billion reais. Per-share earnings increased to 1.17 reais from 0.13 real a year earlier.

The Brazilian currency lost 26.1% of its value against the dollar in the third quarter compared with the same period in 2019, according to JBS. That boosted revenue from the company's three U.S.-based operations, JBS USA Beef, JBS USA Pork and Pilgrim's Pride, which together generated three quarters of JBS's revenue in the third quarter.

Revenue at JBS USA Beef, which includes sales to Australia and Canada, rose 28.7% to 28.8 billion reais but declined 5% in dollar terms. Sales at JBS USA Pork rose 28% to 7.7 billion reais, but fell 5.5% in dollars. Sales at Pilgrim's Pride rose 50% to 16.5 billion reais, up 10.7% from a year earlier in the U.S. currency.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

11-12-20 0657ET

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 1.25% 6.3926 Delayed Quote.-0.49%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 1.32% 134.35 End-of-day quote.-4.57%
JBS SA -0.57% 24.42 End-of-day quote.3.43%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.51% 112.65 End-of-day quote.-0.77%
US DOLLAR / BRAZILIAN REAL (USD/BRL) -0.08% 5.2896 Delayed Quote.0.00%
All news about JBS SA
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01/14JBS : hands over the project that revitalized the “Mini Center” of t..
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01/11Pilgrim's Pride, Tyson Foods settle some chicken price-fixing litigation
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01/05JBS : B3 confirms JBS in the Carbon Efficient Index
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01/04JBS : China suspends imports from Brazil pork plant over coronavirus concerns
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2020JBS : starts transportation using low-carbon trucks
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2020China meat association calls for exporters to disinfect shipments to prevent ..
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2020JBS : Minutes of the board of directors' meeting held on december 16, 2020
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2020JBS : advances in global sustainability ranking
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More news
Financials
Sales 2020 267 B 50 468 M 50 468 M
Net income 2020 3 039 M 575 M 575 M
Net Debt 2020 47 415 M 8 970 M 8 970 M
P/E ratio 2020 21,2x
Yield 2020 2,92%
Capitalization 64 063 M 12 204 M 12 120 M
EV / Sales 2020 0,42x
EV / Sales 2021 0,38x
Nbr of Employees 242 000
Free-Float 35,1%
Chart JBS SA
Duration : Period :
JBS SA Technical Analysis Chart | JBSS3 | BRJBSSACNOR8 | MarketScreener
Technical analysis trends JBS SA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 35,77 BRL
Last Close Price 24,42 BRL
Spread / Highest target 146%
Spread / Average Target 46,5%
Spread / Lowest Target 2,38%
EPS Revisions
Managers and Directors
NameTitle
Gilberto Tomazoni Chief Executive & Operating Officer
Jeremiah Alphonsus O'Callaghan Chairman
Guilherme Perboyre Cavalcanti Chief Financial Officer
José Batista Sobrinho Vice Chairman
Cledorvino Belini Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
JBS SA3.43%12 204
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HORMEL FOODS CORPORATION-3.73%24 226
TYSON FOODS, INC.0.48%23 621
WH GROUP LIMITED0.77%12 436
JUEWEI FOOD CO., LTD.13.14%8 240