Equities research analysts predict that Sanderson Farms, Inc. (NASDAQ:SAFM) will announce $1.20 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sanderson Farms’ earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.40. Sanderson Farms reported earnings per share of $1.02 in the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The company is expected to issue its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Sanderson Farms will report full year earnings of $10.00 per share for the current year, with EPS estimates ranging from $7.13 to $11.45. For the next financial year, analysts forecast that the firm will report earnings of $6.86 per share, with EPS estimates ranging from $4.88 to $8.84. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Sanderson Farms.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.50 by ($0.30). The business had revenue of $919.90 million during the quarter, compared to analyst estimates 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 for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $3.36 earnings per share.

A number of equities analysts recently issued reports on SAFM shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $150.00 price target on shares of Sanderson Farms in a report on Friday, October 13th. Morgan Stanley started coverage on Sanderson Farms in a report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price target for the company. Mizuho set a $150.00 price target on Sanderson Farms and gave the company a “hold” rating in a report on Monday, October 16th. JPMorgan Chase & Co. downgraded Sanderson Farms from a “neutral” rating to an “underweight” rating and upped their price target for the company from $129.00 to $134.00 in a report on Friday, October 6th. Finally, Zacks Investment Research downgraded Sanderson Farms from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Sanderson Farms has an average rating of “Hold” and a consensus target price of $137.80.

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

Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Sanderson Farms by 6.9% in the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $112,000 after acquiring an additional 62 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Sanderson Farms by 144.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the company’s stock worth $130,000 after purchasing an additional 662 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Sanderson Farms during the third quarter worth approximately $207,000. Foster & Motley Inc. purchased a new stake in shares of Sanderson Farms during the third quarter worth approximately $213,000. Finally, Saturna Capital CORP purchased a new stake in shares of Sanderson Farms during the third quarter worth approximately $226,000. 99.81% of the stock is owned by institutional investors and hedge funds.

Sanderson Farms (SAFM) opened at $133.86 on Wednesday. The stock has a market capitalization of $3,060.00, a P/E ratio of 10.88 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.

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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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