Wall Street analysts forecast that Pilgrim’s Pride Corporation (NASDAQ:PPC) will post $0.54 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Pilgrim’s Pride Corporation’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.60. Pilgrim’s Pride Corporation posted earnings of $0.30 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 80%. The business is scheduled to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Pilgrim’s Pride Corporation will report full-year earnings of $2.77 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.90. For the next fiscal year, analysts forecast that the business will report earnings of $2.91 per share, with EPS estimates ranging from $2.63 to $3.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Pilgrim’s Pride Corporation.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.21. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.32 billion. Pilgrim’s Pride Corporation had a return on equity of 53.62% and a net margin of 7.03%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share.

Several brokerages have recently weighed in on PPC. Morgan Stanley upped their price objective on Pilgrim’s Pride Corporation from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday. BMO Capital Markets upped their price objective on Pilgrim’s Pride Corporation from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday. KeyCorp began coverage on Pilgrim’s Pride Corporation in a report on Tuesday, October 31st. They issued a “hold” rating for the company. BidaskClub lowered Pilgrim’s Pride Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, ValuEngine upgraded Pilgrim’s Pride Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.20.

TRADEMARK VIOLATION WARNING: “Pilgrim’s Pride Corporation (PPC) Expected to Announce Earnings of $0.54 Per Share” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/pilgrims-pride-corporation-ppc-expected-to-announce-earnings-of-0-54-per-share/1695971.html.

Several hedge funds and other institutional investors have recently made changes to their positions in PPC. Seven Eight Capital LP purchased a new stake in shares of Pilgrim’s Pride Corporation during the second quarter valued at $134,000. New York State Teachers Retirement System purchased a new stake in shares of Pilgrim’s Pride Corporation during the third quarter valued at $134,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Pilgrim’s Pride Corporation by 9.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,203 shares of the company’s stock valued at $201,000 after purchasing an additional 798 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Pilgrim’s Pride Corporation during the second quarter valued at $219,000. Finally, Regentatlantic Capital LLC purchased a new stake in shares of Pilgrim’s Pride Corporation during the second quarter valued at $220,000. 24.10% of the stock is owned by institutional investors and hedge funds.

Shares of Pilgrim’s Pride Corporation (NASDAQ PPC) traded up $0.61 during trading on Wednesday, hitting $34.53. The stock had a trading volume of 931,400 shares, compared to its average volume of 1,292,159. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.84 and a current ratio of 1.65. The firm has a market capitalization of $8,437.68, a price-to-earnings ratio of 13.15 and a beta of 0.21. Pilgrim’s Pride Corporation has a twelve month low of $17.15 and a twelve month high of $35.00.

Pilgrim’s Pride Corporation Company Profile

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.

Get a free copy of the Zacks research report on Pilgrim’s Pride Corporation (PPC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pilgrim's Pride Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.