Analysts predict that Pilgrim's Pride Co. (NASDAQ:PPC) will post earnings of $0.58 per share for the current quarter, according to Zacks. Two analysts have made estimates for Pilgrim's Pride’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.57. Pilgrim's Pride reported earnings per share of $0.30 during the same quarter last year, which suggests a positive year over year growth rate of 93.3%. The company is expected to issue its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Pilgrim's Pride will report full-year earnings of $2.85 per share for the current year, with EPS estimates ranging from $2.79 to $2.90. For the next financial year, analysts expect that the company will post earnings of $2.92 per share, with EPS estimates ranging from $2.67 to $3.20. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Pilgrim's Pride.

Pilgrim's Pride (NASDAQ:PPC) last released its earnings results on Tuesday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.21. Pilgrim's Pride had a net margin of 7.03% and a return on equity of 53.62%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was up 12.0% compared to the same quarter last year.

PPC has been the topic of a number of research reports. Jefferies Group restated a “hold” rating and set a $27.00 target price (up from $25.00) on shares of Pilgrim's Pride in a research report on Friday, October 6th. KeyCorp initiated coverage on shares of Pilgrim's Pride in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley initiated coverage on shares of Pilgrim's Pride in a research report on Friday, November 3rd. They set an “equal weight” rating and a $30.00 target price on the stock. BidaskClub downgraded shares of Pilgrim's Pride from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, BMO Capital Markets upped their target price on shares of Pilgrim's Pride from $24.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.50.

Pilgrim's Pride (PPC) opened at $29.42 on Thursday. The company has a current ratio of 1.65, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49. Pilgrim's Pride has a 52-week low of $18.10 and a 52-week high of $38.39. The stock has a market cap of $7,400.39, a PE ratio of 11.63 and a beta of 0.29.

Several large investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Pilgrim's Pride by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 18,769 shares of the company’s stock valued at $412,000 after acquiring an additional 347 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Pilgrim's Pride by 9.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,203 shares of the company’s stock valued at $201,000 after acquiring an additional 798 shares during the period. Voya Investment Management LLC raised its position in shares of Pilgrim's Pride by 4.3% in the 2nd quarter. Voya Investment Management LLC now owns 19,808 shares of the company’s stock valued at $434,000 after acquiring an additional 813 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Pilgrim's Pride by 0.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 383,553 shares of the company’s stock valued at $10,897,000 after acquiring an additional 1,676 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Pilgrim's Pride by 3.4% in the 3rd quarter. Macquarie Group Ltd. now owns 61,400 shares of the company’s stock valued at $1,745,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 24.60% of the company’s stock.

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About Pilgrim's Pride

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.

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Earnings History and Estimates for Pilgrim's Pride (NASDAQ:PPC)

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