Pilgrim’s Pride Corporation (PPC) Set to Announce Quarterly Earnings on Tuesday

Pilgrim’s Pride Corporation (NASDAQ:PPC) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.11. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.28 billion. Pilgrim’s Pride Corporation had a return on equity of 49.65% and a net margin of 6.05%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, analysts expect Pilgrim’s Pride Corporation to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) opened at $31.39 on Friday. The stock has a market capitalization of $7,808.36, a PE ratio of 15.77 and a beta of 0.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.82 and a quick ratio of 0.84.

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A number of equities research analysts recently issued reports on PPC shares. BidaskClub raised Pilgrim’s Pride Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target on shares of Pilgrim’s Pride Corporation in a research report on Friday, July 14th. Zacks Investment Research raised Pilgrim’s Pride Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, August 2nd. ValuEngine raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $24.00 price target on shares of Pilgrim’s Pride Corporation in a research report on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $26.00.

About Pilgrim’s Pride Corporation

Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

Earnings History for Pilgrim`s Pride Corporation (NASDAQ:PPC)

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