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

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.63 per share and revenue of $4.62 billion for the quarter.

Pilgrim's Pride (NASDAQ:PPC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.53 billion. Pilgrim's Pride had a net margin of 6.72% and a return on equity of 36.95%. Pilgrim's Pride's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, analysts expect Pilgrim's Pride to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pilgrim's Pride Trading Up 1.2%

Shares of PPC traded up $0.56 on Friday, reaching $47.85. 729,374 shares of the company's stock were exchanged, compared to its average volume of 1,193,348. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $11.35 billion, a P/E ratio of 9.44 and a beta of 0.45. The business has a 50 day moving average price of $46.65 and a two-hundred day moving average price of $49.09. Pilgrim's Pride has a 12 month low of $40.00 and a 12 month high of $57.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pilgrim's Pride by 136.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,881 shares of the company's stock worth $157,000 after purchasing an additional 1,663 shares during the last quarter. Royal Bank of Canada boosted its holdings in Pilgrim's Pride by 6.3% during the first quarter. Royal Bank of Canada now owns 100,493 shares of the company's stock worth $5,479,000 after purchasing an additional 5,950 shares during the last quarter. Millennium Management LLC boosted its holdings in Pilgrim's Pride by 180.7% during the first quarter. Millennium Management LLC now owns 342,774 shares of the company's stock worth $18,685,000 after purchasing an additional 220,673 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Pilgrim's Pride by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,243,039 shares of the company's stock worth $67,758,000 after purchasing an additional 166,967 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PPC. The Goldman Sachs Group began coverage on shares of Pilgrim's Pride in a report on Monday, June 23rd. They set a "neutral" rating and a $50.00 price objective for the company. Wall Street Zen cut shares of Pilgrim's Pride from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $48.67.

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.