JBS (OTCMKTS:JBSAY) Sets New 1-Year High Following Dividend Announcement

Jbs S.A. (OTCMKTS:JBSAY) hit a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $18.02 and last traded at $16.75, with a volume of 39856 shares trading hands. The stock had previously closed at $16.70.

The newly announced dividend which will be paid on Monday, January 12th. Shareholders of record on Monday, May 5th will be issued a $0.6594 dividend. The ex-dividend date is Friday, May 2nd. This represents a yield of 10.07%. JBS’s dividend payout ratio is currently 105.00%.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “overweight” rating on shares of JBS in a research report on Thursday, March 27th.

JBS Stock Up 0.3 %

The stock has a fifty day moving average price of $13.34 and a two-hundred day moving average price of $12.52. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 13.51 and a beta of 0.86. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 1.80.

JBS (OTCMKTS:JBSAY) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.19). JBS had a return on equity of 14.29% and a net margin of 1.79%. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $115.12 billion.

About JBS

JBS SA, together with its subsidiaries, engages in the processing of animal protein worldwide. The company trades in beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It produces and commercializes leather, steel cans, plastic resin, personal care and cleaning products, and collagen, as well as wet blue leather, semi-finished, and finished leather products.