Pilgrim’s Pride Ends Fiscal Year 2017 with Net Sales of $10.77 Billion, Operating Income of 10% and Record GAAP EPS of $2.79
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Pilgrim's Pride (PPC) PT Lowered to $31 at BMO Capital
February 16, 2018 9:38 AM ESTBMO Capital lowered its price target on Pilgrim's Pride (NASDAQ: PPC) to $31.00 (from $38.00) while maintaining a Market Perform rating.
Analsyt Kenneth Zaslow commented:
PPCs 4Q17 adjusted EPS (ex. benefit of tax reform) of $0.45 ($0.54 including the tax benefit) fell well short of expectations... MorePilgrim's Pride (PPC) Tops Q4 EPS by 3c
February 15, 2018 6:22 AM ESTPilgrim's Pride (NASDAQ: PPC) reported Q4 EPS of $0.54, $0.03 better than the analyst estimate of $0.51. Revenue for the quarter came in at $2.74 billion versus the consensus estimate of $2.55 billion.
We generated strong, well-balanced consolidated performance in 2017. Our U.S. and Mexico operations were solid despite logistical challenges in Q4 due to the after-effects from natural events in Puerto Rico, Mexico and the U.S., while our newly acquired U.K. and continental Europe operations were consistent. The performance once again demonstrated the strength and diversity... More
