Brokerages predict that Sanderson Farms, Inc. (NASDAQ:SAFM) will report sales of $863.02 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sanderson Farms’ earnings, with the lowest sales estimate coming in at $847.50 million and the highest estimate coming in at $878.54 million. Sanderson Farms reported sales of $823.08 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.9%. The business is scheduled to issue its next earnings report before the market opens on Thursday, February 25th.
According to Zacks, analysts expect that Sanderson Farms will report full year sales of $3.94 billion for the current fiscal year, with estimates ranging from $3.92 billion to $3.97 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.16 billion, with estimates ranging from $4.13 billion to $4.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Sanderson Farms.
Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings data on Wednesday, December 16th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.12 by $1.14. The business had revenue of $940.00 million for the quarter, compared to analyst estimates of $902.11 million. Sanderson Farms had a net margin of 0.79% and a negative return on equity of 0.66%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.95) EPS.
NASDAQ:SAFM traded down $1.14 on Thursday, reaching $149.22. The stock had a trading volume of 5,518 shares, compared to its average volume of 212,719. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 119.33, a P/E/G ratio of 1.01 and a beta of 0.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.58 and a quick ratio of 1.29. The firm’s fifty day moving average is $139.50 and its two-hundred day moving average is $130.19. Sanderson Farms has a 12-month low of $102.13 and a 12-month high of $155.71.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Tuesday, February 2nd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Monday, February 1st. Sanderson Farms’s dividend payout ratio (DPR) is presently -429.27%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Sanderson Farms by 1.1% during the 4th quarter. BlackRock Inc. now owns 2,194,443 shares of the company’s stock worth $290,104,000 after purchasing an additional 22,880 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Sanderson Farms by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,303,564 shares of the company’s stock worth $172,331,000 after purchasing an additional 89,579 shares in the last quarter. Durational Capital Management LP acquired a new stake in Sanderson Farms during the 3rd quarter worth approximately $130,911,000. Victory Capital Management Inc. increased its position in Sanderson Farms by 3.1% during the 3rd quarter. Victory Capital Management Inc. now owns 853,213 shares of the company’s stock worth $100,653,000 after purchasing an additional 25,367 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Sanderson Farms by 1.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 660,743 shares of the company’s stock worth $77,948,000 after purchasing an additional 10,109 shares in the last quarter. 85.77% of the stock is owned by hedge funds and other institutional investors.
About Sanderson Farms
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.
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