$0.33 EPS Expected for Pilgrim's Pride Co. (NASDAQ:PPC) This Quarter

Analysts expect Pilgrim's Pride Co. (NASDAQ:PPC) to post $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Pilgrim's Pride’s earnings. Pilgrim's Pride posted earnings of $0.45 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 26.7%. The firm is expected to announce its next earnings results after the market closes on Wednesday, October 28th.

On average, analysts expect that Pilgrim's Pride will report full year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.82. For the next fiscal year, analysts forecast that the firm will report earnings of $1.80 per share, with EPS estimates ranging from $1.30 to $2.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Pilgrim's Pride.

Pilgrim's Pride (NASDAQ:PPC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.13). The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.93 billion. Pilgrim's Pride had a net margin of 2.24% and a return on equity of 7.89%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share.

Several brokerages recently issued reports on PPC. BidaskClub raised Pilgrim's Pride from a “strong sell” rating to a “sell” rating in a report on Friday, October 9th. ValuEngine cut Pilgrim's Pride from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Zacks Investment Research raised Pilgrim's Pride from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a report on Wednesday, September 30th. BMO Capital Markets cut Pilgrim's Pride from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $36.00 to $21.00 in a report on Monday, June 29th. Finally, Barclays cut Pilgrim's Pride from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective for the company. in a report on Monday, June 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Pilgrim's Pride currently has a consensus rating of “Hold” and a consensus price target of $22.33.

Shares of PPC traded down $0.48 during mid-day trading on Friday, hitting $16.23. The company’s stock had a trading volume of 15,163 shares, compared to its average volume of 1,085,601. The company has a current ratio of 1.89, a quick ratio of 0.98 and a debt-to-equity ratio of 1.10. The firm has a 50-day simple moving average of $15.88 and a 200 day simple moving average of $17.51. The firm has a market capitalization of $4.08 billion, a P/E ratio of 15.39, a P/E/G ratio of 3.31 and a beta of 0.95. Pilgrim's Pride has a 1-year low of $14.06 and a 1-year high of $33.67.

Hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in Pilgrim's Pride during the second quarter valued at about $26,000. Captrust Financial Advisors purchased a new stake in Pilgrim's Pride during the second quarter valued at about $28,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Pilgrim's Pride by 20.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,116 shares of the company’s stock valued at $103,000 after acquiring an additional 1,035 shares during the period. 6 Meridian purchased a new stake in Pilgrim's Pride during the third quarter valued at about $159,000. Finally, Advisors Asset Management Inc. grew its position in Pilgrim's Pride by 32.8% during the second quarter. Advisors Asset Management Inc. now owns 10,914 shares of the company’s stock valued at $184,000 after acquiring an additional 2,697 shares during the period. 17.32% of the stock is owned by hedge funds and other institutional investors.

Pilgrim's Pride Company Profile

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products in the United States, the United Kingdom, Mexico, France, Puerto Rico, the Netherlands, rest of Europe, the Middle East, Asia, and internationally. The company offers fresh chicken and pork products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chickens; frozen whole chickens; breast fillets; pork cuts; added value pork and pork ribs; mini breast fillets; and prepackaged case-ready chickens, such as whole chickens and chicken parts.

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Earnings History and Estimates for Pilgrim's Pride (NASDAQ:PPC)

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