Wall Street analysts forecast that Sanderson Farms, Inc. (NASDAQ:SAFM) will post earnings per share of ($1.09) for the current quarter, Zacks reports. Two analysts have made estimates for Sanderson Farms’ earnings, with the highest EPS estimate coming in at ($0.32) and the lowest estimate coming in at ($1.85). Sanderson Farms posted earnings of $3.20 per share during the same quarter last year, which suggests a negative year over year growth rate of 134.1%. The firm is scheduled to report its next earnings report before the market opens on Thursday, December 20th.
According to Zacks, analysts expect that Sanderson Farms will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $1.55 to $2.62. For the next fiscal year, analysts forecast that the firm will post earnings of $0.48 per share, with EPS estimates ranging from ($1.31) to $1.60. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Sanderson Farms.
Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating in a research report on Saturday, October 13th. Stephens upgraded shares of Sanderson Farms from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Friday, August 24th. Buckingham Research reduced their price target on shares of Sanderson Farms from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. TheStreet cut shares of Sanderson Farms from a “b” rating to a “c+” rating in a research report on Wednesday, August 29th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Sanderson Farms in a research report on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.22.
Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Sanderson Farms by 101.0% during the third quarter. PNC Financial Services Group Inc. now owns 977 shares of the company’s stock worth $100,000 after acquiring an additional 491 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Sanderson Farms by 5,238.1% during the second quarter. Rehmann Capital Advisory Group now owns 1,121 shares of the company’s stock worth $118,000 after acquiring an additional 1,100 shares in the last quarter. Sun Life Financial INC bought a new stake in Sanderson Farms during the second quarter worth about $127,000. Sei Investments Co. boosted its stake in Sanderson Farms by 346.3% during the second quarter. Sei Investments Co. now owns 1,589 shares of the company’s stock worth $167,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Trilogy Capital Inc. bought a new stake in Sanderson Farms during the second quarter worth about $180,000. 98.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ SAFM opened at $103.30 on Friday. Sanderson Farms has a 1 year low of $95.97 and a 1 year high of $172.28. The stock has a market cap of $2.41 billion, a P/E ratio of 8.40 and a beta of 0.39.
Sanderson Farms Company Profile
Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken in the export markets.
See Also: Compound Annual Growth Rate (CAGR)
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