Analysts expect Sanderson Farms, Inc. (NASDAQ:SAFM) to announce $817.01 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sanderson Farms’ earnings. The lowest sales estimate is $808.90 million and the highest is $826.80 million. Sanderson Farms posted sales of $802.04 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 24th.
On average, analysts expect that Sanderson Farms will report full-year sales of $817.01 million for the current financial year, with estimates ranging from $3.33 billion to $3.44 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.50 billion per share, with estimates ranging from $3.41 billion to $3.61 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Sanderson Farms.
Sanderson Farms (NASDAQ:SAFM) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.71). Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The company had revenue of $771.90 million during the quarter, compared to analyst estimates of $764.22 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis.
In other news, Director Jones Gail Pittman sold 260 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $140.92, for a total transaction of $36,639.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Sanderson Farms by 4.9% during the fourth quarter. BlackRock Inc. now owns 2,193,866 shares of the company’s stock worth $304,466,000 after purchasing an additional 102,488 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Sanderson Farms by 39.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,789,817 shares of the company’s stock worth $248,391,000 after purchasing an additional 501,917 shares in the last quarter. LSV Asset Management raised its holdings in Sanderson Farms by 0.9% during the fourth quarter. LSV Asset Management now owns 1,137,916 shares of the company’s stock worth $157,919,000 after purchasing an additional 10,500 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Sanderson Farms by 11.2% during the fourth quarter. Acadian Asset Management LLC now owns 692,119 shares of the company’s stock worth $96,048,000 after purchasing an additional 69,797 shares in the last quarter. Finally, State Street Corp raised its holdings in Sanderson Farms by 7.2% during the second quarter. State Street Corp now owns 543,962 shares of the company’s stock worth $62,910,000 after purchasing an additional 36,489 shares in the last quarter.
Sanderson Farms (NASDAQ:SAFM) opened at $119.92 on Friday. Sanderson Farms has a 52 week low of $89.75 and a 52 week high of $176.43. The company has a market capitalization of $2,740.00, a P/E ratio of 10.14 and a beta of 0.47.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, January 30th were given a dividend of $0.32 per share. The ex-dividend date was Monday, January 29th. This represents a $1.28 annualized dividend and a dividend yield of 1.07%. Sanderson Farms’s dividend payout ratio is presently 10.82%.
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About Sanderson Farms
Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.
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