A share price of Pilgrim’s Pride Corp. [PPC] is currently trading at $36.00, up 2.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The PPC shares have gain 3.39% over the last week, with a monthly amount glided 7.85%, and seem to be holding up well over a long-time horizon.
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On 10, April 2024, Pilgrim’s Pride Corporation to Host First Quarter Earnings Call on May 2, 2024. In a post published today on Yahoo Finance, Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will release its first quarter 2024 financial results after the U.S. market closes on Wednesday, May 1. The company’s executives will review the results on a conference call and webcast on Thursday, May 2, 2024 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive management team.
From an analyst’s perspective:
Pilgrim’s Pride Corp. [NASDAQ: PPC] stock has seen the most recent analyst activity on July 13, 2023, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $28 from $26. Previously, BofA Securities upgraded its rating to Buy on April 28, 2023, and kept the price target unchanged to $26. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $30 on March 10, 2022. Stephens upgraded its rating to Overweight for this stock on February 18, 2022, and upped its price target to $35. In a note dated February 08, 2021, Stephens upgraded an Overweight rating on this stock and boosted its target price from $20 to $25.
Pilgrim’s Pride Corp. experienced fluctuations in its stock price throughout the past year between $19.96 and $35.61. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Pilgrim’s Pride Corp. [NASDAQ: PPC] shares were valued at $36.00 at the most recent close of the market. An investor can expect a potential drop of -11.11% based on the average PPC price forecast.
Analyzing the PPC fundamentals
Trailing Twelve Months sales for Pilgrim’s Pride Corp. [NASDAQ:PPC] were 17.36B which represents 9.96% growth. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.47 points at the first support level, and at 34.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.29, and for the 2nd resistance point, it is at 36.58.
Pilgrim’s Pride Corp. [PPC] reported earnings per share of $0.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.4/share, meaning a difference of $0.19 and a surprise factor of 47.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.58 per share as compared to estimates of $0.42 per share, a difference of $0.16 representing a surprise of 38.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Pilgrim’s Pride Corp. [NASDAQ:PPC] is 1.68. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 2.56 and price to earnings (TTM) ratio is 26.57.
Transactions by insiders
Recent insider trading involved Sandri Fabio, President and CEO, that happened on Mar 14 ’24 when 40000.0 shares were sold.
