NASDAQ:SAFM - Sanderson Farms Stock Price, News, & Analysis

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$127.56 +2.27 (+1.81 %)
(As of 03/21/2019 04:00 PM ET)
Previous Close$125.29
Today's Range$120.51 - $127.91
52-Week Range$93.98 - $129.64
Volume278,978 shs
Average Volume440,259 shs
Market Capitalization$2.83 billion
P/E Ratio42.24
Dividend Yield1.02%
Beta0.76
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-packed, chill-packed, bulk-packed, and frozen chicken 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 into 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.

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Industry, Sector and Symbol

Industry Poultry slaughtering & processing
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Current SymbolNASDAQ:SAFM
CUSIP80001310
Phone601-649-4030

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.24 billion
Cash Flow$8.5783 per share
Book Value$61.53 per share

Profitability

Net Income$61.43 million

Miscellaneous

Employees15,104
Market Cap$2.83 billion
Next Earnings Date5/23/2019 (Estimated)
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 declared a quarterly dividend on Thursday, January 17th. Shareholders of record on Tuesday, January 29th will be given a dividend of $0.32 per share on Tuesday, February 12th. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, January 28th. 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 plan on Thursday, May 31st 2018, which authorizes the company to buyback 2,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

How were Sanderson Farms' earnings last quarter?

Sanderson Farms, Inc. (NASDAQ:SAFM) announced its earnings results on Tuesday, February, 26th. The company reported ($0.82) earnings per share for the quarter, topping analysts' consensus estimates of ($2.41) by $1.59. The business had revenue of $743.40 million for the quarter, compared to the consensus estimate of $705.25 million. Sanderson Farms had a negative net margin of 0.24% and a negative return on equity of 0.04%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.24 earnings per share. View Sanderson Farms' Earnings History.

When is Sanderson Farms' next earnings date?

Sanderson Farms is scheduled to release their next quarterly earnings announcement on Thursday, May 23rd 2019. View Earnings Estimates for Sanderson Farms.

What price target have analysts set for SAFM?

8 equities research analysts have issued 12 month price targets for Sanderson Farms' stock. Their predictions range from $77.00 to $130.00. On average, they expect Sanderson Farms' share price to reach $113.3750 in the next twelve months. This suggests that the stock has a possible downside of 11.1%. View Analyst Price Targets for Sanderson Farms.

What is the consensus analysts' recommendation for Sanderson Farms?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanderson Farms in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating 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?

News articles about SAFM stock have been trending somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sanderson Farms earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Who are some of Sanderson Farms' key competitors?

What other stocks do shareholders of Sanderson Farms own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanderson Farms investors own include General Electric (GE), QUALCOMM (QCOM), Pfizer (PFE), Alibaba Group (BABA), Caterpillar (CAT), Walmart (WMT), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), UnitedHealth Group (UNH) and Gilead Sciences (GILD).

Who are Sanderson Farms' key executives?

Sanderson Farms' management team includes the folowing people:
  • Mr. Joe F. Sanderson Jr., Chairman & CEO (Age 71)
  • Mr. Lampkin Butts, Pres, COO & Director (Age 68)
  • Mr. D. Michael Cockrell, CFO, Treasurer & Director (Age 61)
  • Mr. Timothy F. Rigney, Corp. Sec., Chief Accounting Officer & Controller (Age 55)
  • 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 BlackRock Inc. (10.45%), Dimensional Fund Advisors LP (7.64%), Victory Capital Management Inc. (4.54%), Massachusetts Financial Services Co. MA (3.40%), Northern Trust Corp (2.32%) and Bank of New York Mellon Corp (1.61%). Company insiders that own Sanderson Farms stock include D Michael Cockrell, Dianne Mooney, Fred L Banks Jr, John Bierbusse, Jones Gail Pittman, Lampkin Butts, 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 LSV Asset Management, APG Asset Management N.V., First Trust Advisors LP, Prudential Financial Inc., Hancock Whitney Corp, Bank of New York Mellon Corp, WS Management Lllp and United Services Automobile Association. Company insiders that have sold Sanderson Farms company stock in the last year include John Bierbusse, Jones Gail Pittman, Lampkin Butts and Phil K Livingston. View Insider Buying and Selling for Sanderson Farms.

Which institutional investors are buying Sanderson Farms stock?

SAFM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Dimensional Fund Advisors LP, Massachusetts Financial Services Co. MA, Millennium Management LLC, Chartwell Investment Partners LLC, Deprince Race & Zollo Inc., Bank of America Corp DE and BlackRock Inc.. 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 $127.56.

How big of a company is Sanderson Farms?

Sanderson Farms has a market capitalization of $2.83 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?

The official website for Sanderson Farms is http://www.sandersonfarms.com.

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  270 (Vote Outperform)
Underperform Votes:  336 (Vote Underperform)
Total Votes:  606
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.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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