AdvancePierre Foods (APFH) Releases Earnings Results, Beats Expectations By $0.16 EPS

AdvancePierre Foods (APFH) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.21. The company posted revenue of $370.70 million in the period, compared to analysts expectations of $374.39 million. The company’s revenue was down -5.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on AdvancePierre Foods. Deutsche Bank Initiated AdvancePierre Foods on Aug 9, 2016 to “Buy”, Price Target of the shares are set at $24.95.Credit Suisse Initiated AdvancePierre Foods on Aug 9, 2016 to “Outperform”, Price Target of the shares are set at $29.Morgan Stanley Initiated AdvancePierre Foods on Aug 9, 2016 to “Overweight”, Price Target of the shares are set at $28.

AdvancePierre Foods

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