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 pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form 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 in the export markets. Its prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments. Sanderson Farms, Inc. was founded in 1947 and is headquartered in Laurel, Mississippi.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Poultry slaughtering & processing
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNASDAQ:SAFM
CUSIP80001310
Phone601-649-4030
Debt
Debt-to-Equity RatioN/A
Current Ratio4.09
Quick Ratio2.59
Price-To-Earnings
Trailing P/E Ratio8.24
Forward P/E Ratio36.72
P/E GrowthN/A
Sales & Book Value
Annual Sales$3.34 billion
Price / Sales0.69
Cash Flow$17.7185 per share
Price / Cash5.72
Book Value$63.00 per share
Price / Book1.61
Profitability
EPS (Most Recent Fiscal Year)$12.30
Net Income$279.74 million
Net Margins5.29%
Return on Equity9.41%
Return on Assets7.98%
Miscellaneous
Employees14,669
Outstanding Shares22,840,000
Market Cap$2.28 billion
Sanderson Farms (NASDAQ:SAFM) Frequently Asked Questions
What is Sanderson Farms' stock symbol?
Sanderson Farms trades on the NASDAQ under the ticker symbol "SAFM."
How often does Sanderson Farms pay dividends? What is the dividend yield for Sanderson Farms?
Sanderson Farms declared a quarterly dividend on Friday, September 21st. Stockholders of record on Tuesday, October 2nd will be paid a dividend of $0.32 per share on Tuesday, October 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, October 1st. View Sanderson Farms' Dividend History.
How will Sanderson Farms' stock buyback program work?
Sanderson Farms announced that its Board of Directors has authorized a stock buyback program on Thursday, May 31st 2018, which allows the company to buyback 2,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its shares are undervalued.
How were Sanderson Farms' earnings last quarter?
Sanderson Farms, Inc. (NASDAQ:SAFM) posted its quarterly earnings results on Thursday, August, 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.67 by $1.17. The business had revenue of $852.40 million for the quarter, compared to analysts' expectations of $871.06 million. Sanderson Farms had a return on equity of 9.41% and a net margin of 5.29%. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.09 EPS. View Sanderson Farms' Earnings History.
When is Sanderson Farms' next earnings date?
What price target have analysts set for SAFM?
10 brokers have issued 12 month price objectives for Sanderson Farms' shares. Their forecasts range from $77.00 to $115.00. On average, they anticipate Sanderson Farms' share price to reach $98.2222 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Sanderson Farms.
What is the consensus analysts' recommendation for Sanderson Farms?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanderson Farms in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sanderson Farms.
What are Wall Street analysts saying about Sanderson Farms stock?
Here are some recent quotes from research analysts about Sanderson Farms stock:
- 1. Jefferies Financial Group Inc analysts commented, "3Q EPS missed our & consensus estimates by ~39% & 61% resp. The lower- than-expected results were mainly driven by lower chicken commodity prices & higher production costs. The weak 3Q results & even weaker YTD 4Q trends validate our concerns of an oversupply of chicken in the US. We are surprised by the stock’s outperformance in recent months and attribute it to an anticipated increase in chicken promotions in the QSR channel, which we view as speculative." (8/23/2018)
- 2. According to Zacks Investment Research, "Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. As a company, Sanderson Farms is committed to adopting a fresh approach in everything that it does. Not only where products are concerned, but companywide as well. Though the company has grown in size, it still adheres to the same hometown values of honesty, integrity and innovation that were established when the Sanderson family founded the company as a small feed, seed and farm supply business. " (5/19/2018)
Who are some of Sanderson Farms' key competitors?
Some companies that are related to Sanderson Farms include Pinnacle Foods (PF), Service Co. International (SCI), Blue Buffalo Pet Products (BUFF), Ingredion (INGR), San Miguel (SMGBY), US Foods (USFD), Post (POST), REMY COINTREAU/ADR (REMYY), JBS S A/S (JBSAY), Ollie's Bargain Outlet (OLLI), National Beverage (FIZZ), Compania Cervecerias Unidas (CCU), COCA COLA AMATI/ADR (CCLAY), Glanbia (GLAPY) and MARINE HARVEST/S (MHGVY).
Who are Sanderson Farms' key executives?
Sanderson Farms' management team includes the folowing people:
- Mr. Joe F. Sanderson Jr., Chairman & CEO (Age 70)
- Mr. Lampkin Butts, Pres, COO & Director (Age 67)
- Mr. D. Michael Cockrell, CFO, Treasurer & Director (Age 60)
- Mr. Timothy F. Rigney, Corp. Sec., Chief Accounting Officer & Controller (Age 54)
- Mr. Brian Romano, Director of Admin. & HR
Who are Sanderson Farms' major shareholders?
Sanderson Farms' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.14%), Renaissance Technologies LLC (7.84%), Dimensional Fund Advisors LP (6.32%), LSV Asset Management (4.95%), Nuance Investments LLC (3.42%) and Victory Capital Management Inc. (3.00%). Company insiders that own Sanderson Farms stock include D Michael Cockrell, Dianne Mooney, Fred L Banks Jr, John Bierbusse, Jones Gail Pittman, Phil K Livingston and Robert C Khayat. View Institutional Ownership Trends for Sanderson Farms.
Which major investors are selling Sanderson Farms stock?
SAFM stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Scopia Capital Management LP, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Russell Investments Group Ltd., James Investment Research Inc., Canada Pension Plan Investment Board and Schwab Charles Investment Management Inc.. Company insiders that have sold Sanderson Farms company stock in the last year include John Bierbusse, Jones Gail Pittman and Phil K Livingston. View Insider Buying and Selling for Sanderson Farms.
Which major investors are buying Sanderson Farms stock?
SAFM stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Nuance Investments LLC, Millennium Management LLC, Massachusetts Financial Services Co. MA, Hodges Capital Management Inc., BlackRock Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Engineers Gate Manager LP. View Insider Buying and Selling for Sanderson Farms.
How do I buy shares of Sanderson Farms?
Shares of SAFM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sanderson Farms' stock price today?
One share of SAFM stock can currently be purchased for approximately $101.35.
How big of a company is Sanderson Farms?
Sanderson Farms has a market capitalization of $2.28 billion and generates $3.34 billion in revenue each year. The company earns $279.74 million in net income (profit) each year or $12.30 on an earnings per share basis. Sanderson Farms employs 14,669 workers across the globe.
What is Sanderson Farms' official website?
How can I contact Sanderson Farms?
Sanderson Farms' mailing address is 127 FLYNT ROAD, LAUREL MS, 39443. The company can be reached via phone at 601-649-4030.
MarketBeat Community Rating for Sanderson Farms (NASDAQ SAFM)
MarketBeat's community ratings are surveys of what our community members think about Sanderson Farms and other stocks. Vote "Outperform" if you believe SAFM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SAFM will underperform the S&P 500 over the long term. You may vote once every thirty days.
