Sanderson Farms, Inc. (NASDAQ:SAFM) announced a quarterly dividend on Thursday, January 18th, RTT News reports. Stockholders of record on Tuesday, January 30th will be paid a dividend of 0.32 per share on Tuesday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%.

Sanderson Farms (NASDAQ:SAFM) traded up $0.09 during mid-day trading on Thursday, reaching $131.25. The company had a trading volume of 410,518 shares, compared to its average volume of 600,785. The company has a market cap of $3,000.00, a PE ratio of 10.67 and a beta of 0.61. Sanderson Farms has a fifty-two week low of $87.54 and a fifty-two week high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings data on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.50 by ($0.30). The business had revenue of $919.90 million during the quarter, compared to the consensus estimate of $916.07 million. Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company posted $3.36 earnings per share. research analysts forecast that Sanderson Farms will post 9.97 EPS for the current fiscal year.

In other news, Director Jones Gail Pittman sold 260 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $140.92, for a total transaction of $36,639.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.66% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on the company. BidaskClub cut Sanderson Farms from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research cut Sanderson Farms from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $140.00 price objective on shares of Sanderson Farms in a research report on Monday, December 18th. Barclays reaffirmed an “equal weight” rating and issued a $150.00 price objective (up from $136.00) on shares of Sanderson Farms in a research report on Thursday, December 14th. Finally, Morgan Stanley assumed coverage on Sanderson Farms in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $137.80.

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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.

Dividend History for Sanderson Farms (NASDAQ:SAFM)

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