Analysts predict that Sanderson Farms, Inc. (NASDAQ:SAFM) will report $830.34 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Sanderson Farms’ earnings, with estimates ranging from $805.90 million to $858.31 million. Sanderson Farms posted sales of $802.04 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The company is expected to issue its next quarterly earnings report on Thursday, May 24th.
On average, analysts expect that Sanderson Farms will report full-year sales of $830.34 million for the current year, with estimates ranging from $3.37 billion to $3.49 billion. For the next financial year, analysts forecast that the business will report sales of $3.62 billion per share, with estimates ranging from $3.55 billion to $3.66 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Sanderson Farms.
Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.71). The business had revenue of $771.90 million for the quarter, compared to the consensus estimate of $764.22 million. Sanderson Farms had a return on equity of 19.30% and a net margin of 8.96%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS.
Shares of Sanderson Farms (NASDAQ:SAFM) opened at $122.11 on Tuesday. The firm has a market cap of $2,790.00, a P/E ratio of 10.32 and a beta of 0.49. Sanderson Farms has a fifty-two week low of $92.37 and a fifty-two week high of $176.43.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, January 30th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, January 29th. Sanderson Farms’s dividend payout ratio is currently 10.82%.
In related news, Director Jones Gail Pittman sold 260 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $140.92, for a total value of $36,639.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Bierbusse sold 750 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $120.38, for a total transaction of $90,285.00. Following the completion of the sale, the director now directly owns 12,944 shares of the company’s stock, valued at approximately $1,558,198.72. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Sanderson Farms in the fourth quarter valued at approximately $3,069,000. Gotham Asset Management LLC increased its holdings in shares of Sanderson Farms by 79.4% in the fourth quarter. Gotham Asset Management LLC now owns 210,051 shares of the company’s stock valued at $29,151,000 after purchasing an additional 92,943 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in shares of Sanderson Farms by 13.2% in the fourth quarter. Vident Investment Advisory LLC now owns 23,068 shares of the company’s stock valued at $3,201,000 after purchasing an additional 2,689 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Sanderson Farms by 11.0% in the fourth quarter. Verition Fund Management LLC now owns 7,934 shares of the company’s stock valued at $1,101,000 after purchasing an additional 784 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Sanderson Farms by 121.9% in the fourth quarter. Millennium Management LLC now owns 20,436 shares of the company’s stock valued at $2,836,000 after purchasing an additional 113,913 shares in the last quarter.
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Sanderson Farms Company Profile
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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