Equities research analysts expect Pilgrim’s Pride Co. (NASDAQ:PPC – Get Rating) to post earnings per share (EPS) of $0.65 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Pilgrim’s Pride’s earnings. Pilgrim’s Pride posted earnings of $0.42 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 54.8%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Pilgrim’s Pride will report full-year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.74 to $2.81. For the next fiscal year, analysts forecast that the firm will post earnings of $2.88 per share, with EPS estimates ranging from $2.86 to $2.89. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Pilgrim’s Pride.
Pilgrim’s Pride (NASDAQ:PPC – Get Rating) last released its quarterly earnings data on Wednesday, February 9th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.16. The company had revenue of $4.04 billion during the quarter. Pilgrim’s Pride had a net margin of 0.21% and a return on equity of 21.16%. During the same period last year, the business posted $0.25 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of PPC. TIG Advisors LLC purchased a new position in shares of Pilgrim’s Pride in the 3rd quarter worth about $29,435,000. Islet Management LP purchased a new position in shares of Pilgrim’s Pride in the 3rd quarter worth about $19,047,000. Polar Asset Management Partners Inc. purchased a new position in shares of Pilgrim’s Pride in the 3rd quarter worth about $14,726,000. Carlson Capital L P purchased a new position in shares of Pilgrim’s Pride in the 3rd quarter worth about $14,540,000. Finally, Berry Street Capital Management LLP purchased a new position in shares of Pilgrim’s Pride in the 3rd quarter worth about $13,086,000. Hedge funds and other institutional investors own 16.73% of the company’s stock.
PPC opened at $27.38 on Thursday. The company has a 50 day moving average of $24.93 and a 200 day moving average of $27.13. The company has a market cap of $6.68 billion, a PE ratio of 210.63, a price-to-earnings-growth ratio of 0.97 and a beta of 1.13. Pilgrim’s Pride has a 12 month low of $20.23 and a 12 month high of $29.70. The company has a current ratio of 1.38, a quick ratio of 0.72 and a debt-to-equity ratio of 1.23.
About Pilgrim’s Pride (Get Rating)
Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally.
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