Sanderson Farms (SAFM) Scheduled to Post Quarterly Earnings on Tuesday
Sanderson Farms (NASDAQ:SAFM) will release its earnings data on Tuesday, August 26th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings data on Thursday, May 29th. The company reported $2.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.68 by $0.53. The company had revenue of $660.70 million for the quarter, compared to the consensus estimate of $620.99 million. During the same quarter last year, the company posted $1.06 earnings per share. Sanderson Farms’s revenue was up 6.4% compared to the same quarter last year. On average, analysts expect Sanderson Farms to post $10.75 EPS for the current fiscal year and $9.05 EPS for the next fiscal year.
Shares of Sanderson Farms (NASDAQ:SAFM) opened at 93.29 on Monday. Sanderson Farms has a 52 week low of $59.77 and a 52 week high of $103.90. The stock’s 50-day moving average is $96.99 and its 200-day moving average is $86.23. The company has a market cap of $2.152 billion and a price-to-earnings ratio of 11.24.
Several analysts have recently commented on the stock. Analysts at Sidoti initiated coverage on shares of Sanderson Farms in a research note on Tuesday, August 19th. They set a “buy” rating on the stock. On a related note, analysts at Credit Agricole downgraded shares of Sanderson Farms from an “outperform” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $106.00 price target on the stock, up previously from $98.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Sanderson Farms from $81.00 to $82.00 in a research note on Friday, May 30th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.60.
Sanderson Farms, Inc is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.
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