JBSS3.SA - JBS S.A.

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
19.72
+0.73 (+3.84%)
At close: 5:09PM BRT
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Previous Close18.99
Open19.30
Bid19.71 x 0
Ask19.73 x 0
Day's Range19.23 - 20.08
52 Week Range7.91 - 20.08
Volume14,577,200
Avg. Volume9,196,125
Market Cap52.517B
Beta (3Y Monthly)0.23
PE Ratio (TTM)2,191.11
EPS (TTM)0.01
Earnings DateMay 14, 2019
Forward Dividend & Yield0.05 (0.29%)
Ex-Dividend Date2019-05-02
1y Target Est12.99
  • Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
    Reuters10 hours ago

    Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

    Tyson Foods Inc, Cargill Inc, the JBS USA unit of Brazil's JBS SA and National Beef Packing Co were accused of colluding since Jan. 2015 to suppress the price of "fed" cattle, which is cattle raised specifically for beef production, with a goal of improving margins and profitability. The 104-page complaint by the Ranchers Cattlemen Action Legal Fund United Stockgrowers of America (R-CALF) and four cattle-feeding ranchers was filed in Chicago federal court, and seeks compensatory, punitive and triple damages. It resembles litigation in the same court in which companies, including Tyson and JBS, have been accused of conspiring to fix prices of broiler chickens and pork.

  • Moody's15 hours ago

    JBS USA Lux S.A. -- Moody's assigns Ba3 to JBS USA proposed $700 million notes; Ba2 to secured term loan

    Net proceeds from unsecured notes to be used to repay a portion of secured debt. New York, April 23, 2019 -- Moody's Investors Service, ("Moody's") has assigned Ba3 ratings to $700 million of unsecured notes being proposed as add-ons to existing notes that were co-issued by JBS USA Lux S.A. ("JBS USA"), JBS USA Finance, Inc. ("JBS USA Finance") and JBS USA Food Company ("JBS USA Food").

  • Morgan Stanley Says Rally 'Has Just Begun' for World’s Biggest Meat Seller
    Bloomberg8 days ago

    Morgan Stanley Says Rally 'Has Just Begun' for World’s Biggest Meat Seller

    Morgan Stanley raised its recommendation on JBS SA to overweight, equivalent to buy, boosting its price target by 46 percent to 20.50 reais ($5.26). China has been forced to cull hog herds as the spread of African swine fever continues to rage. “African swine fever has sparked a rally across global protein stocks, but it’s not too late to buy in,” Morgan Stanley analysts led by Rafael Shin said Monday in a report to clients.

  • Thomson Reuters StreetEvents15 days ago

    Edited Transcript of JBSS3.SA earnings conference call or presentation 29-Mar-19 2:00pm GMT

    Q4 2018 JBS SA Earnings Call

  • Reuters16 days ago

    Exports of Brazilian beef grow 2.6 pct in first quarter of 2019

    Exports of Brazilian beef grew 2.6 percent in the first quarter of 2019 to 405,669 million tonnes, the trade group Abiec said on Monday. Despite the growth, revenue from beef sold decreased 5.6 percent ...

  • Reuters19 days ago

    EMERGING MARKETS-Latam FX, stocks rise, Mexican shares at 2-month high

    Most Latin American currencies firmed against a slightly stronger dollar on Friday, while Brazil's real weakened as President Jair Bolsonaro appealed to leaders of five big centrist parties to back his ...

  • Moody's23 days ago

    JBS USA Lux S.A. -- Moody's assigns Ba3 to JBS USA proposed $650 million notes

    Moody's Investors Service, ("Moody's") has assigned a Ba3 rating to $650 million of unsecured 10-year notes proposed to be co-issued by JBS USA Lux S.A. ("JBS USA"), JBS USA Finance, Inc. ("JBS USA Finance") and JBS USA Food Company ("JBS USA Food"). The co-issuers are indirect wholly-owned subsidiaries of Brazil based JBS S.A. (Ba3 stable, the "parent"). The other ratings of JBS USA and the stable ratings outlook are unaffected.

  • Moody's23 days ago

    JBS S.A. -- Moody's: JBS Ba3 ratings and stable outlook unaffected by notes add-on

    Moody's Investors Service ("Moody's") comments that JBS S.A. (JBS) Ba3 corporate family, senior unsecured ratings of its wholly-owned subsidiary JBS Investments II Gmbh, and stable outlook remain unchanged following the company's announcement that it plans to issue $300 million in senior unsecured notes. This transaction will be an add-on to the $500 million notes due 2026 issued in October 2018 by JBS Investments II GmbH and fully guaranteed by JBS S.A. Net proceeds from the proposed issuance will be used primarily for liability management purposes by refinancing shorter maturity debt instruments, mostly represented by trade finance lines with Brazilian banks, and therefore there will be no impact on leverage.

  • Reuters26 days ago

    Brazil ex-President Temer hit with new corruption charges -prosecutor

    Brazilian former President Michel Temer was hit with more graft charges on Friday, just a day after being charged in a separate corruption case, according to federal prosecutors. Temer, who left the presidency at the end of 2018, was arrested last week as part of an investigation into kickbacks on a nuclear plant's construction contract involving the Brazilian subsidiary of Swedish consulting firm AF Poyry, along with engineering firms Engevix and Argeplan. Temer has since been released and denies wrongdoing.

  • Reuters26 days ago

    EMERGING MARKETS-Latam shares rise on trade hopes, post best quarter in a year

    Latin American shares rose on Friday, in line with other emerging market peers and world stocks, as encouraging signals from U.S.-China trade talks supported risk sentiment. MSCI's index of Latin American ...

  • Reuters26 days ago

    Brazil's JBS says profits will be stronger this year

    JBS SA executives said on Friday the Brazilian meat company will deliver higher earnings in 2019 on strong demand for beef in the United States and Australia as well as growing Chinese demand for various proteins. "The good news is that the price of chicken has already started to climb in the U.S.," Guilherme Cavalcanti, chief financial officer, told analysts. This development should help JBS' Pilgrim's Pride Corp. division, which struggled in 2018.

  • Reuters26 days ago

    EMERGING MARKETS-Latam stocks eye best quarter since Q3 2017

    Latin American stocks rose on Friday, on course to post their best quarter since the third quarter of 2017 as optimism over U.S-China trade talks boosted risk appetite, while a softer dollar helped prop ...

  • Reuters26 days ago

    Brazil ex-President Temer charged in graft case linked to meatpacker JBS

    Former Brazilian President Michel Temer has been formally charged with corruption on allegations of using a middleman to procure a suitcase full of cash from the world's largest meatpacker, JBS SA, federal prosecutors said on Thursday. Temer, who was president from 2016 until the end of 2018, was arrested last week as part of a separate investigation and accused of running a vast criminal enterprise that sought bribes for public works projects. In 2017, Rodrigo da Rocha Loures was caught on video by security cameras running out of a Sao Paulo restaurant carrying a bag with 500,000 reais ($128,166) in cash that prosecutors said was a bribe from the owners of JBS.

  • Reuters26 days ago

    Brazil's JBS swings to profit in Q4 but misses estimates

    Brazil's JBS SA posted fourth-quarter results that missed analysts' estimates due to challenges at its U.S. chicken and pork businesses, according to a securities filing on Thursday. The meat company, which has large operations in the United States aside from Brazil and Australia, reported a net profit of 563.2 million reais ($144.43 million), reversing a 451.7 million reais loss in the 2017 fourth quarter. JBS said the price of pork in the United States, and more significantly the performance of its Pilgrim's Pride Co division, affected its operating performance and margins.

  • PR Newswirelast month

    JBS Couros creates new production model and launches a sustainable leather range

    SAO PAULO, March 21, 2019 /PRNewswire/ -- JBS Couros, the world's largest leather processing company, has unveiled a new concept of sustainable leather: the Kind Leather range. It is the result of two years' research and development driven by current and future consumer requirements. "Kind Leather will revolutionize the industry, changing the way leather is made globally and building a closer connection to consumers," said Roberto Motta, CEO of JBS Couros. Kind Leather also provides additional sustainability through its end-to-end traceability program, which gathers data throughout the leather production chain. JBS Couros is the industry's only company offering this level of production chain visibility, at large scale, combining a robust leather traceability program with a modern monitoring system that verifies more than 80,000 cattle suppliers in Brazil, ensuring they comply with social and environmental standards.

  • Associated Presslast month

    Pilgrim's Pride shareholders can pursue Moy Park deal suit

    A Delaware judge has refused to dismiss a shareholder lawsuit over poultry company Pilgrim's Pride's $1.3 billion acquisition of U.K. poultry producer Moy Park, which was a wholly owned subsidiary of Pilgrim's ...

  • Reuterslast month

    JBS, Pilgrim's Pride execs face U.S. trial in lawsuit over Moy Park deal

    A Delaware judge ruled on Friday that executives from Brazilian meat processor JBS SA and from its U.S.-based subsidiary Pilgrim's Pride Corp will face trial regarding a shareholder lawsuit questioning the acquisition of Moy Park in 2017. Based in Northern Ireland, poultry processor Moy Park was a subsidiary of JBS SA as well. Minority Pilgrim's shareholders sued the company's executives, including board members appointed by its parent, after the $1.3 bln acquisition, saying Pilgrim's was forced by JBS to make the purchase in conditions that were not favorable.

  • Reuterslast month

    Brazilian prosecutors want 5.5 bln reais repayment to development bank -statement

    Brazilian prosecutors are asking for repayment of 5.5 billion reais to state development bank BNDES for cash injections the bank financed in meatpacker JBS SA.

  • Reuters2 months ago

    EMERGING MARKETS-Latam stocks near 2019 low led by Argentina slump, FX weakens

    Latin American stocks hovered near 2019 lows on Wednesday led by steep losses in Argentina and Brazil which resumed trading after a two-day Carnival holiday, while currencies of oil exporters in the region ...

  • Reuters3 months ago

    Brazil shifting to self-monitoring of food, meat plants -minister

    BRASÍLIA, Jan 18 (Reuters) - Brazil is moving toward a self-monitoring system for food processors, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. Dias said in an interview that the South American nation's new business-friendly government plans to send draft legislation on self-monitoring to Congress in the first half of this year. Self-monitoring, widely used in the United States and other developed countries in Europe, would be introduced gradually across various agricultural products and eventually be used for oversight of meatpackers.