A JBS (JBSS3) announced a new share buyback program, in a statement to the Securities and Exchange Commission (CVM) published this Monday (23).
According to the meatpacking company, the buyback plan aims to “maximize the generation of value for the shareholder through efficient management of its capital structure”.
According to JBS, up to 113,396,357 common shares may be repurchased, equivalent to 10% of the company's capital, with a term of up to 18 months, starting this Monday.
O JP Morgan revised its estimates to BRF (BRFS3) e JBS (JBSS3) for the tenth consecutive time, as analysts project that the companies will continue to maintain good momentum in the second half of the year, especially in the third quarter, due to strong spreads in most business units, solid demand and tight supply.
As a result, estimates for EBITDA for BRF (R$3.108 billion) and JBS (R$35.506 billion) are 23% and 13% above market consensus, respectively.