Equities analysts predict that Sanderson Farms, Inc. (NASDAQ:SAFM) will report sales of $767.41 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sanderson Farms’ earnings. The lowest sales estimate is $754.90 million and the highest is $780.64 million. Sanderson Farms posted sales of $688.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The business is expected to announce its next earnings report before the market opens on Thursday, February 22nd.

On average, analysts expect that Sanderson Farms will report full year sales of $767.41 million for the current fiscal year, with estimates ranging from $3.33 billion to $3.44 billion. For the next fiscal year, analysts expect that the business will post sales of $3.50 billion per share, with estimates ranging from $3.41 billion to $3.61 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Sanderson Farms.

Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, December 14th. The company reported $3.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The firm had revenue of $919.90 million for the quarter, compared to the consensus estimate of $916.07 million. During the same period in the prior year, the business earned $3.36 EPS. Sanderson Farms’s quarterly revenue was up 16.3% compared to the same quarter last year.

Several brokerages have recently issued reports on SAFM. BidaskClub lowered shares of Sanderson Farms from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research lowered shares of Sanderson Farms from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. BMO Capital Markets restated a “hold” rating and set a $140.00 price target on shares of Sanderson Farms in a research note on Monday, December 18th. Barclays restated an “equal weight” rating and set a $150.00 price target (up previously from $136.00) on shares of Sanderson Farms in a research note on Thursday, December 14th. Finally, Morgan Stanley began coverage on shares of Sanderson Farms in a research note on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $137.80.

In related news, Director Jones Gail Pittman sold 260 shares of Sanderson Farms stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $140.92, for a total value of $36,639.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC grew its stake in Sanderson Farms by 28.6% in the 3rd quarter. Aperio Group LLC now owns 22,899 shares of the company’s stock valued at $3,699,000 after buying an additional 5,091 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Sanderson Farms by 6.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 173,971 shares of the company’s stock valued at $28,100,000 after buying an additional 10,829 shares in the last quarter. Koch Industries Inc. purchased a new position in Sanderson Farms in the 2nd quarter valued at approximately $309,000. Macquarie Group Ltd. grew its stake in Sanderson Farms by 8.0% in the 3rd quarter. Macquarie Group Ltd. now owns 18,800 shares of the company’s stock valued at $3,036,000 after buying an additional 1,400 shares in the last quarter. Finally, Barry Investment Advisors LLC purchased a new position in Sanderson Farms in the 3rd quarter valued at approximately $258,000.

Shares of Sanderson Farms (SAFM) traded up $0.69 during mid-day trading on Wednesday, hitting $127.26. 391,499 shares of the stock traded hands, compared to its average volume of 522,917. Sanderson Farms has a 12 month low of $89.75 and a 12 month high of $176.43. The stock has a market cap of $2,900.00, a price-to-earnings ratio of 10.35 and a beta of 0.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, January 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, January 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. Sanderson Farms’s dividend payout ratio is 10.41%.

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Sanderson Farms Company Profile

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

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