Pilgrim's Pride Corporation (PPC) has delivered strong stock market performance, with shares soaring 38.1% over the past six months. This impressive gain significantly outpaces the 4.9% growth of the Zacks Food - Meat Products industry, the 1.1% increase in the Consumer Staples sector and the S&P 500’s rise of 12.1% during the same period.The company’s recent success is attributed to its operational excellence, strategic portfolio diversification and the development of key partnerships with major customers, ...

Pilgrim’s Pride Corporation (PPC) reported impressive third-quarter 2024 results, with the top and bottom lines increasing from the year-ago quarter. Also, the company’s earnings surpassed the Zacks Consensus Estimate.PPC reported adjusted earnings of $1.63 per share, surpassing the Zacks Consensus Estimate of $1.27. Also, the bottom line increased from adjusted earnings of 58 cents in the year-ago quarter. On a GAAP basis, earnings came in at $1.47 per share, up from 51 cents in the year-ago period.Find th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File number 1-9273 PILGRIM'S PRIDE CORPORATION (Exact name of registrant as specified in its charter) Delaware 75-1285071 (State or oth ...

Pilgrim's Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $508.4 Million GREELEY, Colo., October 30, 2024 (GLOBE NEWSWIRE) - Pilgrim's Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights • Net Sales of $4.6 billion. • Consolidated GAAP operating income margin of 11.1%. • GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 mil ...

GREELEY, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights Net Sales of $4.6 billion.Consolidated GAAP operating income margin of 11.1%.GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63.Adjusted EBITDA of $660.4 million, or a 14.4% margin.Our U.S. Fresh portfolio continued to improve th ...

Pilgrim's Pride Corporation (PPC) is likely to register bottom-line growth when it reports third-quarter 2024 earnings on Oct. 30. The consensus mark for third-quarter earnings has declined by a penny in the past 30 days to $1.27 per share, indicating a considerable increase from 58 cents reported in the year-ago quarter. PPC has a trailing four-quarter earnings surprise of 27.3%, on average. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Things to Consider Ahead of PPC's Upcoming ...

GREELEY, Colo., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Pilgrim's [NASDAQ: PPC], a leading global food company, today announced the release of its 2023 Sustainability Report, which includes highlights and achievements from the past year across the company's global operations. The report details advancements in critical areas of sustainability in the United States, Puerto Rico, Mexico, Europe and the United Kingdom. Pilgrim's produces high-quality poultry, pork, retail-ready, and prepared foods products, while foc ...

Pilgrim's Pride Corporation (PPC) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 9.32, which is lower than the industry average of 15.96 and the broader Zacks Consumer Staple sector's 17.92. The company is also trading below the S&P 500's P/E ratio of 22.22. This valuation indicates that PPC stock may be undervalued relative to its peers, presenting a compelling investment opportunity for value-focused investors. PPC stock is trading at a discount compared to peers like Hormel F ...

Pilgrim's Pride (PPC) closed at $45.27 in the latest trading session, marking a +0.33% move from the prior day. This change outpaced the S&P 500's 0.76% loss on the day. Elsewhere, the Dow saw a downswing of 0.75%, while the tech-heavy Nasdaq depreciated by 1.01%. The the stock of poultry producer has risen by 9.91% in the past month, leading the Consumer Staples sector's loss of 2.15% and the S&P 500's gain of 4.31%. Analysts and investors alike will be keeping a close eye on the performance of Pilgrim's P ...

Pilgrim's Pride Corporation (PPC) has reached a significant support level and could be a good pick for investors from a technical perspective. The company recently broke through its 50-day simple moving average (SMA) and is currently trading above both its 200-day and 50-day SMA, which suggests a long-term bullish trend. SMA is employed to ascertain whether the price of a security is trending upward or downward. Closing at $44.58 on Friday, the stock is trading higher than its 200-day and 50-day SMA of $36. ...