News stories about Sanderson Farms (NASDAQ:SAFM) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sanderson Farms earned a news impact score of 0.06 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.8961938765017 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
Sanderson Farms (NASDAQ:SAFM) opened at $135.65 on Friday. Sanderson Farms has a 12-month low of $87.54 and a 12-month high of $176.43. The company has a market cap of $3,000.00, a price-to-earnings ratio of 11.03 and a beta of 0.61.
Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, December 14th. The company reported $3.20 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $916.07 million. During the same period in the previous year, the firm posted $3.36 earnings per share. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. research analysts anticipate that Sanderson Farms will post 9.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 30th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.94%. Sanderson Farms’s payout ratio is 10.41%.
SAFM has been the subject of several research reports. BMO Capital Markets reiterated a “hold” rating and set a $150.00 price objective on shares of Sanderson Farms in a research note on Friday, October 13th. Morgan Stanley initiated 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 objective for the company. Mizuho set a $150.00 price objective on shares of Sanderson Farms and gave the stock a “hold” rating in a research note on Monday, October 16th. JPMorgan Chase & Co. downgraded shares of Sanderson Farms from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $129.00 to $134.00 in a research note on Friday, October 6th. Finally, Zacks Investment Research downgraded shares of Sanderson Farms from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $137.80.
In other Sanderson Farms news, Director Jones Gail Pittman sold 260 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through this hyperlink. 5.66% of the stock is owned by insiders.
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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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