Pilgrim's Pride Corporation (PPC) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Pilgrim's Pride Corporation (PPC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.60 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.64. The company posted revenue of $2028.00 million in the period, compared to analysts expectations of $2036.27 million. The company’s revenue was down -1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Pilgrim's Pride Corporation. Pilgrim's Pride Corporation was Downgraded by BB&T Capital Mkts to ” Hold” on May 25, 2016.

Pilgrim's Pride Corporation closed down -0.58 points or -2.38% at $23.74 with 21,09,602 shares getting traded on Thursday. Post opening the session at $24.15, the shares hit an intraday low of $23.15 and an intraday high of $24.25 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Feb 23, 2015, Fabio Sandri (Chief Financial Officer) sold 25,400 shares at $27.55 per share price. According to the SEC, on Feb 23, 2015, William W Lovette (CEO and President) sold 90,690 shares at $27.57 per share price.

Pilgrim’s Pride Corporation (Pilgrim’s) is a producer of Chicken products. The Company is a producer and seller of chicken products with operations in the United States Mexico and Puerto Rico. The Company is engaged in the production processing marketing and distribution of fresh frozen and value-added chicken products to retailers distributors and foodservice operators. Its fresh chicken products include refrigerated (non-frozen) whole chickens whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. Its prepared chicken products include fully cooked ready-to-cook and individually frozen chicken parts strips nuggets and patties. The Company focuses on foodservice industry principally chain restaurants and food processors such as Chick-fil-A and Yum! Brands; distributors such as US Foods and Sysco and retail customers including grocery store chains and wholesale clubs such as Kroger Wal-Mart Costco Publix and Sam’s Club.

Pilgrim's Pride Corporation

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