Pilgrim's Pride (PPC) Scheduled to Post Quarterly Earnings on Wednesday

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.28 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.32 by $0.35. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.62 billion. Pilgrim's Pride had a net margin of 4.25% and a return on equity of 25.06%. Pilgrim's Pride's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. On average, analysts expect Pilgrim's Pride to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pilgrim's Pride Stock Performance

Shares of Pilgrim's Pride stock traded up $1.10 during midday trading on Wednesday, hitting $45.84. The company had a trading volume of 852,355 shares, compared to its average volume of 890,723. Pilgrim's Pride has a 12-month low of $23.15 and a 12-month high of $49.07. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.85. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.23 and a beta of 0.82. The company has a fifty day simple moving average of $44.43 and a 200 day simple moving average of $40.04.

Analyst Ratings Changes

Several analysts have commented on PPC shares. Argus lifted their price objective on shares of Pilgrim's Pride from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Bank of America cut shares of Pilgrim's Pride from a "buy" rating to a "neutral" rating and set a $47.00 price objective for the company. in a research note on Thursday, August 15th. Barclays lifted their price objective on shares of Pilgrim's Pride from $43.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, September 9th. BMO Capital Markets restated a "market perform" rating and set a $46.00 price objective on shares of Pilgrim's Pride in a research note on Monday, August 12th. Finally, Stephens started coverage on shares of Pilgrim's Pride in a research note on Thursday, October 3rd. They set an "equal weight" rating and a $43.00 price objective for the company. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.33.

Insider Activity at Pilgrim's Pride

In other Pilgrim's Pride news, CEO Fabio Sandri sold 65,000 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $44.50, for a total transaction of $2,892,500.00. Following the completion of the transaction, the chief executive officer now directly owns 279,565 shares in the company, valued at approximately $12,440,642.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Fabio Sandri sold 65,000 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $44.50, for a total transaction of $2,892,500.00. Following the completion of the sale, the chief executive officer now owns 279,565 shares of the company's stock, valued at $12,440,642.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew R. Galvanoni sold 6,500 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $43.31, for a total transaction of $281,515.00. Following the sale, the chief financial officer now directly owns 51,750 shares of the company's stock, valued at $2,241,292.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 82.63% of the company's stock.

Pilgrim's Pride Company Profile

Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls.