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
Industry Poultry slaughtering & processing
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Phone601-649-4030
Debt
Current Ratio2.85
Quick Ratio1.64
Price-To-Earnings
Sales & Book Value
Annual Sales$3.24 billion
Price / Sales0.78
Price / Cash Flow13.10
Price / Book1.87
Profitability
Net Income$61.43 million
Net Margins1.90%
Return on Assets1.79%
Miscellaneous
Employees15,104
OptionableOptionable
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 announced a quarterly dividend on Friday, September 21st. Stockholders of record on Tuesday, October 2nd will be given a dividend of $0.32 per share on Tuesday, October 16th. This represents a $1.28 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, October 1st. View Sanderson Farms' Dividend History.
How will Sanderson Farms' stock buyback program work?
Sanderson Farms declared that its Board of Directors has authorized a share buyback program on Thursday, May 31st 2018, which authorizes the company to repurchase 2,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.
How were Sanderson Farms' earnings last quarter?
Sanderson Farms, Inc. (NASDAQ:SAFM) released its quarterly earnings data on Thursday, December, 20th. The company reported ($1.63) EPS for the quarter, missing the consensus estimate of ($1.09) by $0.54. The business had revenue of $798 million for the quarter, compared to analysts' expectations of $787.31 million. Sanderson Farms had a return on equity of 2.10% and a net margin of 1.90%. The company's revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.20 earnings per share. View Sanderson Farms' Earnings History.
When is Sanderson Farms' next earnings date?
What price target have analysts set for SAFM?
10 Wall Street analysts have issued 1-year price targets for Sanderson Farms' stock. Their predictions range from $77.00 to $115.00. On average, they expect Sanderson Farms' stock price to reach $97.6667 in the next twelve months. This suggests that the stock has a possible downside of 14.0%. 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, "SAFM is scheduled to report fiscal 4Q18 (Oct) results this Thursday. We expect weak 4Q18 results and for the trend to continue into FY19 owing to an oversupply of chicken (weak demand and to a lesser extent supply growth) which has resulted in a significant decline in chicken prices. With processing capacity slated to expand by ~3% in 2019 and continued weak demand, we remain UW SAFM despite the stock’s underperformance." (12/19/2018)
- 2. According to Zacks Investment Research, "Sanderson Farms has lagged the industry in the past year due to its dismal surprise history that lingered in third-quarter fiscal 2018. During the quarter, both the top and the bottom lines fell year over year and missed the Zacks Consensus Estimate. This marked the company’s second and fourth straight sales and earnings miss, respectively. Results were hit by low selling prices and increased costs of sales. The company witnessed soft demand for big bird boneless breast meat during the quarter, which, in turn, led to lower prices. Market prices for certain chicken products also declined owing to reduced chicken promotions at food service and retail grocery stores along with competition from other protein suppliers. Also, freight costs continued to rise, thereby hurting margins. Nonetheless, Sanderson Farms’ vast product pipeline is likely to aid sales. Also, the company’s shareholder-friendly moves are noteworthy." (12/12/2018)
Has Sanderson Farms been receiving favorable news coverage?
Media stories about SAFM stock have been trending positive this week, InfoTrie reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Sanderson Farms earned a news impact score of 2.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next several days.
Who are some of Sanderson Farms' key competitors?
Some companies that are related to Sanderson Farms include Lamb Weston (LW), WANT WANT CHINA/ADR (WWNTY), SWATCH GRP AG/ADR (SWGAY), JBS S A/S (JBSAY), Aramark (ARMK), Service Co. International (SCI), US Foods (USFD), Tingyi (Cayman Islands) (TCYMF), Ingredion (INGR), Post (POST), San Miguel (SMGBY), Pola Orbis (PORBF), Glanbia (GLAPY), REMY COINTREAU/ADR (REMYY) and Coty (COTY).
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 variety of of retail and institutional investors. Top institutional investors include Louisiana State Employees Retirement System (0.02%). 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 institutional investors are selling Sanderson Farms stock?
SAFM stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. 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.
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 $113.52.
How big of a company is Sanderson Farms?
Sanderson Farms has a market capitalization of $2.49 billion and generates $3.24 billion in revenue each year. The company earns $61.43 million in net income (profit) each year or $3.02 on an earnings per share basis. Sanderson Farms employs 15,104 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.
