Sanderson Farms (SAFM) Set to Announce Quarterly Earnings on Wednesday
Sanderson Farms (NASDAQ:SAFM) is scheduled to be announcing its earnings results before the market opens on Wednesday, December 13th. Analysts expect the company to announce earnings of $3.71 per share for the quarter.
Sanderson Farms (NASDAQ:SAFM) opened at $165.92 on Tuesday. The firm has a market cap of $3,869.28, a P/E ratio of 13.71 and a beta of 0.61. Sanderson Farms has a 52 week low of $84.30 and a 52 week high of $176.43.
Several equities analysts have recently weighed in on SAFM shares. KeyCorp started coverage on shares of Sanderson Farms in a research note on Tuesday, October 31st. They set a “sector weight” rating for the company. Mizuho set a $150.00 target price on shares of Sanderson Farms and gave the company a “hold” rating in a research note on Monday, October 16th. J P Morgan Chase & Co cut shares of Sanderson Farms from a “neutral” rating to an “underweight” rating and raised their target price for the company from $129.00 to $134.00 in a research note on Friday, October 6th. Barclays set a $136.00 target price on shares of Sanderson Farms and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Morgan Stanley started coverage on shares of Sanderson Farms in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $135.09.
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Sanderson Farms Company Profile
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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