Equities research analysts expect that Sanderson Farms, Inc. (NASDAQ:SAFM) will post sales of $863.02 million for the current quarter, according to Zacks. Two analysts have issued estimates for Sanderson Farms’ earnings, with the highest sales estimate coming in at $878.54 million and the lowest estimate coming in at $847.50 million. Sanderson Farms reported sales of $823.08 million during the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 25th.
According to Zacks, analysts expect that Sanderson Farms will report full-year sales of $3.94 billion for the current financial year, with estimates ranging from $3.92 billion to $3.97 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.16 billion, with estimates ranging from $4.13 billion to $4.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Sanderson Farms.
Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings results on Wednesday, December 16th. The company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $1.14. The firm had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $902.11 million. Sanderson Farms had a net margin of 0.79% and a negative return on equity of 0.66%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.95) earnings per share.
Shares of NASDAQ:SAFM traded down $1.14 during trading hours on Thursday, hitting $149.22. The company’s stock had a trading volume of 5,518 shares, compared to its average volume of 212,719. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.58 and a quick ratio of 1.29. Sanderson Farms has a 52 week low of $102.13 and a 52 week high of $155.71. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 119.33, a P/E/G ratio of 1.01 and a beta of 0.57. The firm’s fifty day moving average price is $139.50 and its 200 day moving average price is $130.19.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Tuesday, February 2nd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Monday, February 1st. Sanderson Farms’s dividend payout ratio (DPR) is currently -429.27%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. acquired a new stake in Sanderson Farms in the 4th quarter valued at approximately $40,000. International Assets Investment Management LLC acquired a new stake in shares of Sanderson Farms during the 4th quarter worth approximately $44,000. Point72 Hong Kong Ltd acquired a new stake in shares of Sanderson Farms during the 3rd quarter worth approximately $47,000. Prospera Financial Services Inc acquired a new stake in shares of Sanderson Farms during the 3rd quarter worth approximately $121,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of Sanderson Farms during the 4th quarter worth approximately $217,000. 85.77% of the stock is currently owned by hedge funds and other institutional investors.
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-packed, chill-packed, bulk-packed, and frozen chicken 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 into export markets.
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