Pilgrim’s Pride (PPC) Projected to Announce Earnings on Wednesday

Pilgrim’s Pride (NASDAQ:PPC) is expected to issue its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Pilgrim’s Pride to announce earnings of $0.7030 per share and revenue of $4.7023 billion for the quarter. Investors can check the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 9:00 AM ET.

Pilgrim’s Pride (NASDAQ:PPC) last issued its earnings results on Wednesday, April 29th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.18). Pilgrim’s Pride had a return on equity of 28.57% and a net margin of 4.78%.The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Pilgrim’s Pride’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts expect Pilgrim’s Pride to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Pilgrim’s Pride Stock Performance

NASDAQ PPC opened at $28.55 on Wednesday. The firm has a market capitalization of $6.79 billion, a P/E ratio of 7.65 and a beta of 0.29. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average price is $28.46 and its two-hundred day moving average price is $34.85. Pilgrim’s Pride has a 1 year low of $26.50 and a 1 year high of $50.56.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Pilgrim’s Pride from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. The Goldman Sachs Group cut their target price on shares of Pilgrim’s Pride from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Weiss Ratings cut Pilgrim’s Pride from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 26th. Barclays upgraded Pilgrim’s Pride from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $45.00 to $42.00 in a report on Friday, May 1st. Finally, BMO Capital Markets lowered their price target on Pilgrim’s Pride from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.83.

Hedge Funds Weigh In On Pilgrim’s Pride

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP raised its position in shares of Pilgrim’s Pride by 30.5% in the fourth quarter. Quarry LP now owns 1,248 shares of the company’s stock valued at $49,000 after purchasing an additional 292 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Pilgrim’s Pride during the 4th quarter worth about $68,000. Atlas Capital Advisors Inc. bought a new stake in shares of Pilgrim’s Pride during the 4th quarter worth about $95,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Pilgrim’s Pride by 18.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,252 shares of the company’s stock worth $127,000 after buying an additional 496 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Pilgrim’s Pride by 136.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,881 shares of the company’s stock valued at $157,000 after buying an additional 1,663 shares during the last quarter. 16.64% of the stock is currently owned by institutional investors and hedge funds.

Pilgrim’s Pride Company Profile

Pilgrim’s Pride Corporation is a leading poultry producer in the United States and Mexico and a wholly owned subsidiary of JBS SA Headquartered in Greeley, Colorado, and Pittsburg, Texas, the company specializes in the production, processing and distribution of fresh, frozen and value-added chicken products. Pilgrim’s Pride serves a diverse customer base that includes retail grocery chains, foodservice distributors and restaurant operators across North America and in select international markets.

The company’s vertically integrated operations encompass breeding, hatching, feed milling, processing plants and cold storage facilities.