Sanderson Farms (NASDAQ:SAFM) posted its quarterly earnings data on Thursday. The company reported $3.20 EPS for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.30), Bloomberg Earnings reports. The firm had revenue of $919.90 million for the quarter, compared to analysts’ expectations of $916.07 million. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.36 EPS.
Sanderson Farms (NASDAQ SAFM) opened at $145.85 on Friday. The firm has a market capitalization of $3,798.32, a PE ratio of 13.46 and a beta of 0.61. Sanderson Farms has a one year low of $84.30 and a one year high of $176.43.
A number of research firms recently commented on SAFM. Mizuho cut Sanderson Farms from a “buy” rating to a “neutral” rating and upped their price objective for the company from $151.00 to $160.00 in a research report on Monday, October 2nd. Zacks Investment Research upgraded Sanderson Farms from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 7th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $129.00 price objective (up previously from $112.00) on shares of Sanderson Farms in a research report on Thursday, August 24th. Stephens cut Sanderson Farms from an “overweight” rating to an “equal weight” rating and set a $145.00 price objective for the company. in a research report on Thursday, August 17th. Finally, KeyCorp initiated coverage on Sanderson Farms in a research report on Tuesday, October 31st. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $137.40.
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Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.
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