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

$147.62
+2.15 (+1.48 %)
(As of 08/23/2019 03:26 AM ET)
Today's Range
$145.01
Now: $147.62
$149.49
50-Day Range
$129.74
MA: $136.75
$149.22
52-Week Range
$93.98
Now: $147.62
$154.82
Volume239,575 shs
Average Volume412,546 shs
Market Capitalization$3.27 billion
P/E Ratio48.88
Dividend Yield0.88%
Beta0.78
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. Read More…

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$8.7608 per share
Book Value$60.77 per share

Profitability

Net Income$61.43 million

Miscellaneous

Employees15,104
Market Cap$3.27 billion
Next Earnings Date8/29/2019 (Confirmed)
OptionableOptionable

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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, July 18th. Shareholders of record on Tuesday, July 30th will be given a dividend of $0.32 per share on Tuesday, August 13th. This represents a $1.28 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, July 29th. View Sanderson Farms' Dividend History.

How will Sanderson Farms' stock buyback program work?

Sanderson Farms declared that its board has initiated a share buyback plan on Thursday, May 31st 2018, which authorizes the company to repurchase 2,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

How were Sanderson Farms' earnings last quarter?

Sanderson Farms, Inc. (NASDAQ:SAFM) posted its quarterly earnings data on Thursday, May, 30th. The company reported $1.83 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.77 by $0.06. The firm had revenue of $845.23 million for the quarter, compared to the consensus estimate of $846.70 million. Sanderson Farms had a negative return on equity of 0.13% and a negative net margin of 0.28%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 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, August 29th 2019. View Earnings Estimates for Sanderson Farms.

How can I listen to Sanderson Farms' earnings call?

Sanderson Farms will be holding an earnings conference call on Thursday, August 29th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for SAFM?

9 analysts have issued twelve-month target prices for Sanderson Farms' shares. Their forecasts range from $77.00 to $145.00. On average, they expect Sanderson Farms' share price to reach $124.1250 in the next twelve months. This suggests that the stock has a possible downside of 15.9%. View Analyst Price Targets for Sanderson Farms.

What is the consensus analysts' recommendation for Sanderson Farms?

9 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 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. According to Zacks Investment Research, "Shares of Sanderson Farms have declined and underperformed the industry in the past three months. We note that the company is struggling with rising freight and feed costs. Speaking of freight costs, during the second quarter of fiscal 2019, the company witnessed high shipping costs along with other costs related to poultry products. Persistence of such high costs may affect the company’s margins in the forthcoming periods. Nevertheless, strong brands as well as growth in poultry products are an upside. In fact, favorable demand for poultry products fueled sales during the second quarter. During the quarter, top line improved and bottom line surpassed the Zacks Consensus Estimates. Further, increasing export sales trend bodes well. Sanderson Farms’ vast product pipeline is also likely to aid sales in the near future." (8/6/2019)
  • 2. 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)

Has Sanderson Farms been receiving favorable news coverage?

News articles about SAFM stock have trended positive this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sanderson Farms earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days. View News Stories for Sanderson Farms.

Are investors shorting Sanderson Farms?

Sanderson Farms saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,992,500 shares, a drop of 6.9% from the June 30th total of 2,141,200 shares. Based on an average trading volume of 392,300 shares, the days-to-cover ratio is currently 5.1 days. Currently, 10.1% of the shares of the stock are short sold. View Sanderson Farms' Current Options Chain.

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 PepsiCo (PEP), JPMorgan Chase & Co. (JPM), QUALCOMM (QCOM), Walt Disney (DIS), General Electric (GE), Pfizer (PFE), Cisco Systems (CSCO), Caterpillar (CAT), Mastercard (MA) and Schlumberger (SLB).

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 number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.16%), Vanguard Group Inc. (8.75%), Price T Rowe Associates Inc. MD (6.49%), Renaissance Technologies LLC (4.24%), Victory Capital Management Inc. (3.40%) and Nuance Investments LLC (3.39%). Company insiders that own Sanderson Farms stock include 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 Renaissance Technologies LLC, Nuance Investments LLC, Price T Rowe Associates Inc. MD, Victory Capital Management Inc., Northern Trust Corp, WS Management Lllp, Deprince Race & Zollo Inc. and Bank of Montreal Can. 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 bought by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Nuveen Asset Management LLC, Vanguard Group Inc., Castleark Management LLC, Cookson Peirce & Co. Inc., Man Group plc, Robeco Institutional Asset Management B.V. and ClariVest Asset Management LLC. 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 $147.62.

How big of a company is Sanderson Farms?

Sanderson Farms has a market capitalization of $3.27 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.View Additional Information About Sanderson Farms.

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:  2.3 out of 5 (star star)
Outperform Votes:  289 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  642
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 8/23/2019 by MarketBeat.com Staff

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