Sanderson Farms (SAFM) Scheduled to Post Earnings on Wednesday
Sanderson Farms (NASDAQ:SAFM) is scheduled to release its earnings data before the market opens on Wednesday, December 13th. Analysts expect Sanderson Farms to post earnings of $3.71 per share for the quarter.
Sanderson Farms (NASDAQ SAFM) opened at $168.86 on Wednesday. Sanderson Farms has a twelve month low of $84.27 and a twelve month high of $176.43. The firm has a market capitalization of $3,900.00, a price-to-earnings ratio of 13.86 and a beta of 0.61.
SAFM has been the subject of a number of analyst reports. Zacks Investment Research lowered Sanderson Farms from a “buy” rating to a “hold” rating in a report on Friday, August 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $129.00 price target (up from $112.00) on shares of Sanderson Farms in a report on Thursday, August 24th. Barclays set a $136.00 price target on Sanderson Farms and gave the stock a “hold” rating in a report on Friday, August 25th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price target (up from $145.00) on shares of Sanderson Farms in a report on Monday, September 25th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $150.00 price target (up from $130.00) on shares of Sanderson Farms in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $135.09.
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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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