Pilgrim’s Pride Corporation (NASDAQ:PPC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Pilgrim’s Pride Corporation (NASDAQ:PPC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.11. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Pilgrim’s Pride Corporation had a return on equity of 49.65% and a net margin of 6.05%. Pilgrim’s Pride Corporation’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. On average, analysts expect Pilgrim’s Pride Corporation to post $2.6 EPS for the current fiscal year and $2.85 EPS for the next fiscal year.

Shares of Pilgrim’s Pride Corporation (NASDAQ PPC) traded up 1.83% during trading on Tuesday, reaching $31.67. The company had a trading volume of 277,723 shares. The firm has a market capitalization of $7.88 billion, a P/E ratio of 15.98 and a beta of 0.14. Pilgrim’s Pride Corporation has a 52-week low of $17.15 and a 52-week high of $31.97. The company has a 50 day moving average of $29.46 and a 200-day moving average of $25.94.

COPYRIGHT VIOLATION WARNING: “Pilgrim’s Pride Corporation (PPC) to Release Earnings on Tuesday” was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/31/pilgrims-pride-corporation-ppc-to-release-earnings-on-tuesday.html.

Several equities analysts have weighed in on PPC shares. BidaskClub raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. ValuEngine raised Pilgrim’s Pride Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 price target on shares of Pilgrim’s Pride Corporation in a research report on Friday, July 14th. Vertical Group lowered Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. They noted that the move was a valuation call. Finally, Vertical Research lowered Pilgrim’s Pride Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $25.00.

About Pilgrim’s Pride Corporation

Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

Earnings History for Pilgrim`s Pride Corporation (NASDAQ:PPC)

Receive News & Ratings for Pilgrim's Pride Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride Corporation and related companies with MarketBeat.com's FREE daily email newsletter.