Equities analysts predict that Sanderson Farms, Inc. (NASDAQ:SAFM) will report $772.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Sanderson Farms’ earnings, with estimates ranging from $754.90 million to $782.10 million. Sanderson Farms posted sales of $688.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.2%. The company is scheduled to announce its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Sanderson Farms will report full year sales of $772.55 million for the current year, with estimates ranging from $3.33 billion to $3.45 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.49 billion per share, with estimates ranging from $3.38 billion to $3.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Sanderson Farms.
Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Thursday, December 14th. The company reported $3.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.50 by ($0.30). The company had revenue of $919.90 million during the quarter, compared to analysts’ expectations of $916.07 million. Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. Sanderson Farms’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.36 earnings per share.
Shares of Sanderson Farms (NASDAQ SAFM) traded up $4.40 during midday trading on Monday, hitting $135.65. The stock had a trading volume of 565,700 shares, compared to its average volume of 598,085. The stock has a market capitalization of $3,090.00, a PE ratio of 11.03 and a beta of 0.61. Sanderson Farms has a one year low of $87.54 and a one year high of $176.43.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Tuesday, January 30th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, January 29th. Sanderson Farms’s dividend payout ratio (DPR) is presently 10.41%.
In other news, Director Jones Gail Pittman sold 260 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $140.92, for a total value of $36,639.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Sanderson Farms by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,903,103 shares of the company’s stock valued at $220,094,000 after acquiring an additional 98,236 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sanderson Farms by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,493,586 shares of the company’s stock valued at $172,735,000 after acquiring an additional 119,111 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sanderson Farms by 4.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the company’s stock valued at $122,311,000 after acquiring an additional 46,600 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Sanderson Farms by 11.2% in the 4th quarter. Acadian Asset Management LLC now owns 692,119 shares of the company’s stock valued at $96,048,000 after acquiring an additional 69,797 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Sanderson Farms by 7.2% in the 2nd quarter. State Street Corp now owns 543,962 shares of the company’s stock valued at $62,910,000 after acquiring an additional 36,489 shares during the last quarter. 99.81% of the stock is owned by institutional investors.
About Sanderson Farms
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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