Sanderson Farms (SAFM) Scheduled to Post Quarterly Earnings on Wednesday

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

Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings data 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 company had revenue of $919.90 million for the quarter, compared to the consensus estimate of $916.07 million. Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. Sanderson Farms’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the company 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.

Sanderson Farms (NASDAQ:SAFM) opened at $133.41 on Tuesday. The stock has a market cap of $3,050.00, a PE ratio of 10.85 and a beta of 0.47. Sanderson Farms has a 1 year low of $89.75 and a 1 year high of $176.43.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, January 30th were given a dividend of $0.32 per share. The ex-dividend date was Monday, January 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. Sanderson Farms’s dividend payout ratio (DPR) is presently 10.41%.

In related news, Director Jones Gail Pittman sold 260 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. 5.30% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on SAFM shares. Zacks Investment Research cut shares of Sanderson Farms from a “buy” rating to a “sell” rating in a research report on Thursday, October 26th. KeyCorp started coverage on shares of Sanderson Farms in a research report on Tuesday, October 31st. They set a “sector weight” rating on the stock. Morgan Stanley started coverage on shares of Sanderson Farms in a research report on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price objective on the stock. Barclays reissued an “equal weight” rating and set a $150.00 price objective (up previously from $136.00) on shares of Sanderson Farms in a research report on Thursday, December 14th. Finally, BMO Capital Markets reissued a “hold” rating and set a $140.00 price objective on shares of Sanderson Farms in a research report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sanderson Farms currently has an average rating of “Hold” and a consensus price target of $136.80.

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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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