Pilgrim's Pride Co. (PPC) Announces Quarterly Results
Pilgrim's Pride Co. (NYSE:PPC) released its earnings data on Thursday. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.11, Analyst Ratings Network.com reports. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis.
Pilgrim's Pride Co. (NYSE:PPC) opened at 29.94 on Thursday. Pilgrim's Pride Co. has a one year low of $13.76 and a one year high of $32.11. The stock’s 50-day moving average is $28.34 and its 200-day moving average is $22.24. The company has a market cap of $7.755 billion and a price-to-earnings ratio of 13.37.
A number of research firms have recently commented on PPC. Analysts at Zacks downgraded shares of Pilgrim's Pride Co. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $31.80 price target on the stock. On the ratings front, analysts at Macquarie initiated coverage on shares of Pilgrim's Pride Co. in a research note on Thursday, June 26th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, analysts at Stephens downgraded shares of Pilgrim's Pride Co. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 24th. They now have a $25.00 price target on the stock. Five research analysts have rated the stock with a hold rating, Pilgrim's Pride Co. has a consensus rating of “Hold” and an average target price of $24.70.
Pilgrim’s Pride Corp (NYSE:PPC) is a chicken producer with operations in the United States, Mexico and Puerto Rico.
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