Pilgrim’s Pride (PPC) Projected to Post Quarterly Earnings on Wednesday

Pilgrim’s Pride (NASDAQ:PPC) will likely be announcing its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $4.68 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Pilgrim’s Pride Trading Up 0.9 %

Shares of PPC opened at $51.50 on Tuesday. The company’s fifty day simple moving average is $47.36 and its 200-day simple moving average is $46.60. The company has a market cap of $12.21 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.20 and a beta of 0.82. The company has a current ratio of 1.95, a quick ratio of 1.27 and a debt-to-equity ratio of 0.75. Pilgrim’s Pride has a twelve month low of $27.31 and a twelve month high of $55.50.

Analyst Ratings Changes

Several brokerages have issued reports on PPC. Barclays raised their price objective on shares of Pilgrim’s Pride from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. BMO Capital Markets raised their price target on Pilgrim’s Pride from $42.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Pilgrim’s Pride presently has an average rating of “Hold” and an average price target of $45.50.

Pilgrim’s Pride Company Profile

Pilgrim’s Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A.