Sanderson Farms, Inc. (SAFM) Expected to Post Quarterly Sales of $832.11 Million

Analysts predict that Sanderson Farms, Inc. (NASDAQ:SAFM) will announce sales of $832.11 million for the current quarter, according to Zacks. Two analysts have made estimates for Sanderson Farms’ earnings, with the highest sales estimate coming in at $858.31 million and the lowest estimate coming in at $805.90 million. Sanderson Farms reported sales of $802.04 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The firm is scheduled to report its next quarterly earnings report on Thursday, May 24th.

According to Zacks, analysts expect that Sanderson Farms will report full year sales of $3.44 billion for the current year, with estimates ranging from $3.37 billion to $3.49 billion. For the next 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 averages are a mean average based on a survey of research firms that that provide coverage for Sanderson Farms.

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Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.71). Sanderson Farms had a return on equity of 19.30% and a net margin of 8.96%. The firm had revenue of $771.90 million during the quarter, compared to analysts’ expectations of $764.22 million. During the same period in the prior year, the business earned $1.02 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year.



A number of analysts have issued reports on SAFM shares. Buckingham Research decreased their target price on Sanderson Farms from $111.00 to $104.00 and set a “hold” rating for the company in a research report on Wednesday, April 11th. BidaskClub lowered Sanderson Farms from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research lowered Sanderson Farms from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Barclays reaffirmed an “equal weight” rating on shares of Sanderson Farms in a report on Monday, February 26th. Finally, Vertical Group raised Sanderson Farms from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $128.30.

In related news, Director John Bierbusse sold 750 shares of Sanderson Farms stock in a transaction on Friday, February 23rd. The stock was 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 owns 12,944 shares of the company’s stock, valued at $1,558,198.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado bought a new stake in Sanderson Farms during the fourth quarter worth about $257,000. Virtu Financial LLC bought a new stake in Sanderson Farms during the fourth quarter worth about $260,000. Foster & Motley Inc. lifted its stake in Sanderson Farms by 49.5% during the fourth quarter. Foster & Motley Inc. now owns 1,968 shares of the company’s stock worth $273,000 after purchasing an additional 652 shares during the last quarter. ETRADE Capital Management LLC lifted its stake in Sanderson Farms by 26.9% during the fourth quarter. ETRADE Capital Management LLC now owns 1,967 shares of the company’s stock worth $273,000 after purchasing an additional 417 shares during the last quarter. Finally, Unison Advisors LLC bought a new stake in Sanderson Farms during the fourth quarter worth about $379,000.

NASDAQ:SAFM traded up $0.62 during trading hours on Monday, reaching $114.25. The stock had a trading volume of 28,827 shares, compared to its average volume of 498,368. Sanderson Farms has a 12-month low of $108.82 and a 12-month high of $176.43. The company has a market capitalization of $2,619.26, a P/E ratio of 9.24 and a beta of 0.49.

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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.

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Earnings History and Estimates for Sanderson Farms (NASDAQ:SAFM)

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