Equities analysts forecast that Sanderson Farms, Inc. (NASDAQ:SAFM) will announce earnings per share of $2.15 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sanderson Farms’ earnings. The highest EPS estimate is $2.71 and the lowest is $1.20. Sanderson Farms posted earnings per share of $2.94 in the same quarter last year, which suggests a negative year-over-year growth rate of 26.9%. The company is expected to announce its next earnings results on Thursday, May 24th.
On average, analysts expect that Sanderson Farms will report full-year earnings of $10.82 per share for the current financial year, with EPS estimates ranging from $9.88 to $11.38. For the next year, analysts expect that the business will report earnings of $7.16 per share, with EPS estimates ranging from $4.72 to $9.31. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Sanderson Farms.
Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.71). The business had revenue of $771.90 million during the quarter, compared to analyst estimates of $764.22 million. Sanderson Farms had a return on equity of 19.30% and a net margin of 8.96%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 EPS.
Sanderson Farms (SAFM) traded up $0.92 during trading on Thursday, hitting $124.16. The stock had a trading volume of 765,942 shares, compared to its average volume of 507,460. The firm has a market cap of $2,830.00, a PE ratio of 10.50 and a beta of 0.47. Sanderson Farms has a 52-week low of $90.67 and a 52-week high of $176.43.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 30th were given a dividend of $0.32 per share. The ex-dividend date was Monday, January 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. Sanderson Farms’s dividend payout ratio is currently 10.82%.
In other news, Director John Bierbusse sold 750 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $120.38, for a total value of $90,285.00. Following the completion of the transaction, the director now owns 12,944 shares of the company’s stock, valued at approximately $1,558,198.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jones Gail Pittman sold 260 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $140.92, for a total value of $36,639.20. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of Sanderson Farms by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $112,000 after buying an additional 62 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Sanderson Farms by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,426 shares of the company’s stock valued at $1,900,000 after buying an additional 170 shares during the period. ETRADE Capital Management LLC lifted its holdings in shares of Sanderson Farms by 26.9% in the 4th quarter. ETRADE Capital Management LLC now owns 1,967 shares of the company’s stock valued at $273,000 after buying an additional 417 shares during the period. Nuance Investments LLC lifted its holdings in shares of Sanderson Farms by 1.8% in the 4th quarter. Nuance Investments LLC now owns 26,128 shares of the company’s stock valued at $3,626,000 after buying an additional 472 shares during the period. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of Sanderson Farms by 22.0% in the 4th quarter. Meadow Creek Investment Management LLC now owns 2,800 shares of the company’s stock valued at $389,000 after buying an additional 504 shares during the period.
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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.
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