Sanderson Farms, Inc. (NASDAQ:SAFM) declared a quarterly dividend on Thursday, January 18th, RTT News reports. Shareholders 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 0.94%. The ex-dividend date is Monday, January 29th.

Sanderson Farms (NASDAQ:SAFM) opened at $136.12 on Wednesday. Sanderson Farms has a 52-week low of $87.54 and a 52-week high of $176.43. The stock has a market cap of $3,111.37, a P/E ratio of 11.11 and a beta of 0.61.

Sanderson Farms (NASDAQ:SAFM) last announced its 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). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The business had revenue of $919.90 million for the quarter, compared to analyst estimates of $916.07 million. During the same quarter in the previous year, the company earned $3.36 EPS. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. equities research analysts forecast that Sanderson Farms will post 9.97 earnings per share for the current year.

SAFM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Tuesday, October 17th. BidaskClub lowered shares of Sanderson Farms from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Morgan Stanley began coverage on shares of Sanderson Farms in a research report on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price target on the stock. Barclays reiterated an “equal weight” rating and set a $150.00 price target (up previously from $136.00) on shares of Sanderson Farms in a research report on Thursday, December 14th. Finally, Mizuho set a $150.00 price target on shares of Sanderson Farms and gave the stock a “hold” rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sanderson Farms presently has a consensus rating of “Hold” and a consensus price target of $137.80.

In related news, Director Jones Gail Pittman sold 260 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $140.92, for a total transaction of $36,639.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.30% of the company’s stock.

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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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