Sanderson Farms (NASDAQ:SAFM) will be announcing 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 announced its earnings results on Thursday, December 14th. The company reported $3.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The company had revenue of $919.90 million during the quarter, compared to the consensus estimate of $916.07 million. During the same quarter in the previous year, the company earned $3.36 earnings per share. The business’s revenue was up 16.3% on a year-over-year basis. On average, analysts expect Sanderson Farms to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Sanderson Farms (SAFM) opened at $127.69 on Wednesday. Sanderson Farms has a twelve month low of $89.75 and a twelve month high of $176.43. The company has a market capitalization of $2,910.00, a P/E ratio of 10.38 and a beta of 0.47.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, January 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, January 29th. Sanderson Farms’s payout ratio is presently 10.41%.

In other Sanderson Farms news, Director Jones Gail Pittman sold 260 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $140.92, for a total value of $36,639.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.30% of the stock is currently owned by insiders.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Tuesday, October 17th. BidaskClub lowered Sanderson Farms from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Barclays reissued an “equal weight” rating and issued a $150.00 price target (up from $136.00) on shares of Sanderson Farms in a research note on Thursday, December 14th. Morgan Stanley assumed coverage on Sanderson Farms in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price target on the stock. Finally, BMO Capital Markets reissued a “hold” rating and issued a $140.00 price target on shares of Sanderson Farms in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Sanderson Farms presently has an average rating of “Hold” and a consensus target price of $137.80.

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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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