Sanderson Farms (SAFM) Scheduled to Post Earnings on Wednesday

Sanderson Farms (NASDAQ:SAFM) will post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect Sanderson Farms to post earnings of $1.31 per share for the quarter.

Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.50 by ($0.30). The business had revenue of $919.90 million during the quarter, compared to the consensus estimate of $916.07 million. Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.36 EPS. On average, analysts expect Sanderson Farms to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Sanderson Farms (NASDAQ:SAFM) opened at $127.69 on Wednesday. The firm has a market capitalization of $2,910.00, a PE ratio of 10.38 and a beta of 0.47. Sanderson Farms has a twelve month low of $89.75 and a twelve month high of $176.43.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, January 30th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, January 29th. Sanderson Farms’s dividend payout ratio (DPR) is currently 10.41%.

In related news, Director Jones Gail Pittman sold 260 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $140.92, for a total value of $36,639.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.30% of the company’s stock.

SAFM has been the topic of several research reports. Zacks Investment Research cut Sanderson Farms from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. KeyCorp initiated coverage on Sanderson Farms in a report on Tuesday, October 31st. They set a “sector weight” rating on the stock. BMO Capital Markets restated a “hold” rating and set a $140.00 price target on shares of Sanderson Farms in a report on Monday, December 18th. BidaskClub cut Sanderson Farms from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Morgan Stanley initiated coverage on Sanderson Farms in a report on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Sanderson Farms currently has a consensus rating of “Hold” and a consensus target price of $137.80.

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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.

Earnings History for Sanderson Farms (NASDAQ:SAFM)

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