News coverage about Sanderson Farms (NASDAQ:SAFM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sanderson Farms earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 89 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the near future.
Several equities analysts have recently weighed in on SAFM shares. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $133.00 price objective on the stock in a research report on Tuesday, May 2nd. Mizuho initiated coverage on shares of Sanderson Farms in a report on Wednesday, June 7th. They issued a “buy” rating and a $142.00 target price on the stock. Jefferies Group LLC reissued a “sell” rating and issued a $85.00 target price on shares of Sanderson Farms in a report on Friday, June 9th. BMO Capital Markets reissued a “hold” rating and issued a $130.00 target price on shares of Sanderson Farms in a report on Tuesday, June 27th. Finally, Pacific Crest restated an “overweight” rating and issued a $125.00 price target (up from $120.00) on shares of Sanderson Farms in a research note on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $119.44.
Sanderson Farms (SAFM) traded up 0.05% during midday trading on Friday, reaching $128.14. 221,785 shares of the company traded hands. The stock’s 50 day moving average is $121.04 and its 200 day moving average is $107.53. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 13.15 and a beta of 0.59. Sanderson Farms has a one year low of $74.07 and a one year high of $129.50.
Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings data on Thursday, May 25th. The company reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.22. The business had revenue of $802 million during the quarter, compared to the consensus estimate of $769.47 million. Sanderson Farms had a return on equity of 18.30% and a net margin of 7.34%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. On average, equities analysts anticipate that Sanderson Farms will post $10.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.24 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.75%. Sanderson Farms’s dividend payout ratio (DPR) is 9.86%.
In other Sanderson Farms news, Director Dianne Mooney sold 1,103 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $117.69, for a total value of $129,812.07. Following the transaction, the director now directly owns 13,072 shares of the company’s stock, valued at $1,538,443.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phil K. Livingston sold 500 shares of Sanderson Farms stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $121.50, for a total value of $60,750.00. Following the transaction, the director now directly owns 9,673 shares in the company, valued at $1,175,269.50. The disclosure for this sale can be found here. 5.66% of the stock is owned by company insiders.
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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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