Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Sanderson Farms (SAFM) Share Price
News stories about Sanderson Farms (NASDAQ:SAFM) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sanderson Farms earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.9682699490869 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Sanderson Farms (SAFM) traded up 1.82% during midday trading on Friday, hitting $134.53. The company’s stock had a trading volume of 237,249 shares. Sanderson Farms has a one year low of $74.07 and a one year high of $135.58. The company’s 50-day moving average is $121.29 and its 200 day moving average is $108.28. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 13.80 and a beta of 0.62.
Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Thursday, May 25th. The company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.22. The business had revenue of $802 million for the quarter, compared to analyst estimates of $769.47 million. Sanderson Farms had a return on equity of 18.30% and a net margin of 7.34%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 earnings per share. On average, analysts predict that Sanderson Farms will post $10.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, July 28th. Sanderson Farms’s dividend payout ratio is presently 9.86%.
Several equities research analysts recently commented on SAFM shares. Zacks Investment Research upgraded Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $133.00 price objective for the company in a report on Wednesday, July 5th. BMO Capital Markets reiterated a “hold” rating and issued a $130.00 price objective on shares of Sanderson Farms in a report on Tuesday, June 27th. Pacific Crest restated an “overweight” rating and set a $125.00 price target (up from $120.00) on shares of Sanderson Farms in a research note on Sunday, April 23rd. ValuEngine upgraded Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Finally, Barclays PLC started coverage on Sanderson Farms in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Sanderson Farms presently has an average rating of “Buy” and a consensus price target of $119.44.
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In related news, Director Dianne Mooney sold 1,103 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $117.69, for a total transaction of $129,812.07. Following the sale, the director now directly owns 13,072 shares of the company’s stock, valued at $1,538,443.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Phil K. Livingston sold 500 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $121.50, for a total value of $60,750.00. Following the sale, the director now directly owns 9,673 shares in the company, valued at $1,175,269.50. The disclosure for this sale can be found here. 5.66% of the stock is owned by company insiders.
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.
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