Pilgrim’s Pride (PPC) Expected to Announce Quarterly Earnings on Wednesday

Pilgrim’s Pride (NASDAQ:PPC) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Pilgrim’s Pride to post earnings of $1.13 per share and revenue of $4.68 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Pilgrim’s Pride Stock Performance

NASDAQ:PPC opened at $51.50 on Tuesday. The stock has a 50-day moving average price of $47.36 and a 200 day moving average price of $46.60. 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 12-month low of $27.31 and a 12-month high of $55.50. The stock has a market capitalization 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.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PPC. Barclays lifted their price objective on shares of Pilgrim’s Pride from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of 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 investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.