Zacks: Analysts Anticipate Sanderson Farms, Inc. (NASDAQ:SAFM) to Announce -$0.73 Earnings Per Share


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Equities analysts expect Sanderson Farms, Inc. (NASDAQ:SAFM) to post earnings per share (EPS) of ($0.73) for the current quarter, Zacks reports. Two analysts have made estimates for Sanderson Farms’ earnings. The lowest EPS estimate is ($1.26) and the highest is $0.16. Sanderson Farms posted earnings per share of ($1.76) in the same quarter last year, which would indicate a positive year over year growth rate of 58.5%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 25th.

On average, analysts expect that Sanderson Farms will report full-year earnings of $3.08 per share for the current year, with EPS estimates ranging from $1.30 to $6.41. For the next fiscal year, analysts forecast that the company will report earnings of $7.94 per share, with EPS estimates ranging from $6.98 to $8.56. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Sanderson Farms.

Sanderson Farms (NASDAQ:SAFM) last issued its earnings results on Wednesday, December 16th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $1.14. Sanderson Farms had a negative return on equity of 0.66% and a net margin of 0.79%. The business had revenue of $940.00 million during the quarter, compared to analyst estimates of $902.11 million. During the same period in the previous year, the company posted ($0.95) EPS. The firm’s revenue was up 3.7% compared to the same quarter last year.

A number of brokerages recently commented on SAFM. The Goldman Sachs Group lowered Sanderson Farms from a “buy” rating to a “neutral” rating and boosted their target price for the company from $139.00 to $140.00 in a research report on Friday, December 18th. TheStreet raised Sanderson Farms from a “c” rating to a “b-” rating in a report on Tuesday, January 19th. Stephens lowered Sanderson Farms from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 16th. Zacks Investment Research raised Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $173.00 price objective for the company in a report on Wednesday, February 10th. Finally, BMO Capital Markets raised Sanderson Farms from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $132.00 to $163.00 in a report on Thursday, January 21st. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $148.22.

Sanderson Farms stock traded down $1.14 during midday trading on Tuesday, reaching $149.22. The stock had a trading volume of 5,518 shares, compared to its average volume of 212,719. Sanderson Farms has a 12 month low of $102.13 and a 12 month high of $155.71. The company has a market capitalization of $3.33 billion, a P/E ratio of 119.33, a PEG ratio of 1.01 and a beta of 0.57. The company has a fifty day moving average price of $139.50 and a two-hundred day moving average price of $130.19. The company has a current ratio of 2.58, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Tuesday, February 2nd were paid a $0.44 dividend. The ex-dividend date was Monday, February 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. Sanderson Farms’s dividend payout ratio is presently -429.27%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. purchased a new stake in Sanderson Farms during the fourth quarter valued at about $40,000. International Assets Investment Management LLC purchased a new stake in shares of Sanderson Farms during the fourth quarter worth about $44,000. Point72 Hong Kong Ltd purchased a new stake in shares of Sanderson Farms during the third quarter worth about $47,000. Prospera Financial Services Inc purchased a new stake in shares of Sanderson Farms during the third quarter worth about $121,000. Finally, Profund Advisors LLC purchased a new stake in shares of Sanderson Farms during the third quarter worth about $213,000. 85.77% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Sanderson Farms (NASDAQ:SAFM)

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