Pilgrim's Pride Corporation (NYSE:PPC)poultry processor reported its third quarter 2012 results the net sales of $2.1 billion, swung to a third-quarter profit as company’s margins upgraded amid nearly flat input costs. Results beat expectations of Wall Street.
Net income for the third quarter remained $42.9 million resulting in net income of $0.17 per diluted share. This equates to a net loss of $162.5 million or an adjusted loss of $0.72 per diluted share in the third quarter of previous year.
Pilgrim's Pride Corporation (NYSE:PPC) traded with volume of 2.47 million shares in last session which was unexpectedly higher versus average trading capacity of 605,808 shares. The stock traded with opening bell at $5.15, gained the maximum price level of $5.35 and then finished the day at $5.32 by scoring 16.41%.
PPC remained successful in generating revenue of $7.58 billion in the trailing twelve months and made net income of $-139.75 million. The Company maintained a negative -1.83% for the net profit margin and in its operating margin it decreased -0.09%.
The PPC’s price to sales ratio is 0.18 and price to cash ratio is 27.90 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as -4.56%.
The stock showed upbeat performance of 22.58% for the week which was maintained for the month at 1.72%. Likewise the positive performance for the trailing 3 months was recorded as 16.16% and in last year was 0.76% while the performance so far in current year remains at -7.64%.
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