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    JBSS3   BRJBSSACNOR8

JBS S.A.

(JBSS3)
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JBS 4Q Net Income Jumped 65% to BRL4 Billion on Stronger Dollar

03/24/2021 | 06:01pm EDT

By Jeffrey T. Lewis

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

The meatpacking giant said net profit jumped 65% to 4 billion reais, the equivalent of $711.6 million. Adjusted earnings before interest, taxes, depreciation and amortization rose 24.1% to 7 billion reais and net revenue rose 33.1% to 76.1 billion reais. Earnings per share increased to 1.53 reais from 0.91 real a year earlier.

The Brazilian real lost 23.7% of its value against the dollar in the fourth 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 fourth quarter.

Revenue at JBS USA Beef, which includes sales to Australia and Canada, rose 26.9% to 30.3 billion reais, but declined 3.2% in dollar terms. Sales at JBS USA Pork rose 47.5% to 9.3 billion reais, and increased 12.5% in dollars. Sales at Pilgrim's Pride rose 33.4% to 16.8 billion reais, and increased 1.8% in dollars.

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

(END) Dow Jones Newswires

03-24-21 1900ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.04% 0.7261 Delayed Quote.-5.16%
BRITISH POUND / US DOLLAR (GBP/USD) 0.30% 1.37072 Delayed Quote.-0.03%
CANADIAN DOLLAR / BRAZILIAN REAL (CAD/BRL) 0.06% 4.2199 Delayed Quote.3.37%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.07% 0.79043 Delayed Quote.0.59%
EURO / BRAZILIAN REAL (EUR/BRL) -0.11% 6.2479 Delayed Quote.-1.87%
EURO / US DOLLAR (EUR/USD) -0.14% 1.17045 Delayed Quote.-4.06%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.06% 154.8 End-of-day quote.11.28%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.01% 0.013546 Delayed Quote.-1.05%
JBS S.A. 3.72% 35.13 End-of-day quote.48.48%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.41% 122.725 End-of-day quote.8.83%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.21% 0.70014 Delayed Quote.-2.33%
US DOLLAR / BRAZILIAN REAL (USD/BRL) 0.00% 5.3377 Delayed Quote.2.77%
All news about JBS S.A.
09/20IOWA FARM SERVICES FIRM : systems offline due to cybersecurity incident
RE
09/15JBS S A : Australian watchdog says JBS' deal for Rivalea raises competition concerns
RE
09/13JBS S A : LIVESTOCK-CME cattle futures drop as fire closes JBS USA beef plant
RE
09/13JBS S A : plans to reopen Nebraska beef plant damaged in fire
RE
09/09JBS S A : unit Seara says truckers' protests raise costs, may cause feed shortages
RE
08/25U.S. to work with Big Tech, finance sector on new cybersecurity guidelines
RE
08/17JBS S.A. : Ex-dividend day for interim dividend
FA
08/16Pilgrim's Pride Board to Form Special Committee to Evaluate JBS Proposal
DJ
08/13Pilgrim's Pride Shares Rally on JBS Buyout Proposal
DJ
08/13Brazil's JBS Proposes to Buy Rest of Pilgrim's Pride
DJ
More news
Analyst Recommendations on JBS S.A.
More recommendations
Financials
Sales 2021 318 B 59 526 M 59 526 M
Net income 2021 12 392 M 2 322 M 2 322 M
Net Debt 2021 46 057 M 8 629 M 8 629 M
P/E ratio 2021 7,15x
Yield 2021 4,09%
Capitalization 88 209 M 16 506 M 16 526 M
EV / Sales 2021 0,42x
EV / Sales 2022 0,41x
Nbr of Employees 250 000
Free-Float 32,6%
Chart JBS S.A.
Duration : Period :
JBS S.A. Technical Analysis Chart | JBSS3 | BRJBSSACNOR8 | MarketScreener
Technical analysis trends JBS S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 35,13 BRL
Average target price 43,58 BRL
Spread / Average Target 24,1%
EPS Revisions
Managers and Directors
Gilberto Tomazoni Chief Executive & Operating Officer
Guilherme Perboyre Cavalcanti Chief Financial & Investor Relations Officer
Jeremiah Alphonsus O'Callaghan Chairman
Eliseo Santiago Perez Fernandez Director-Administration & Control
Gilberto Meirelles Xandˇ Baptista Independent Director
Sector and Competitors
1st jan.Capi. (M$)
JBS S.A.48.48%16 506
TYSON FOODS, INC.18.28%27 807
HORMEL FOODS CORPORATION-12.47%22 136
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-43.44%14 226
WH GROUP LIMITED-15.38%9 064
PILGRIM'S PRIDE CORPORATION45.33%6 945