Sanderson Farms (SAFM) Earns Coverage Optimism Score of 0.16

News stories about Sanderson Farms (NASDAQ:SAFM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of 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 -1 to 1, with scores nearest to one being the most favorable. Sanderson Farms earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.9292515878559 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Sanderson Farms (SAFM) opened at $131.16 on Thursday. Sanderson Farms has a 1-year low of $89.75 and a 1-year high of $176.43. The firm has a market capitalization of $2,910.00, a PE ratio of 10.66 and a beta of 0.47.

Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The company had revenue of $919.90 million for the quarter, compared to the consensus estimate of $916.07 million. During the same quarter last year, the business earned $3.36 earnings per share. Sanderson Farms’s quarterly revenue was up 16.3% on a year-over-year basis. equities analysts forecast that Sanderson Farms will post 9.9 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 30th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, January 29th. This represents a $1.28 annualized dividend and a yield of 0.98%. Sanderson Farms’s dividend payout ratio (DPR) is currently 10.41%.

SAFM has been the subject of several recent research reports. Zacks Investment Research lowered Sanderson Farms from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. KeyCorp initiated coverage on Sanderson Farms in a report on Tuesday, October 31st. They set a “sector weight” rating for the company. Morgan Stanley initiated coverage on Sanderson Farms in a report on Friday, November 3rd. They set an “equal weight” rating and a $140.00 price objective for the company. Barclays reiterated an “equal weight” rating and set a $150.00 price objective (up from $136.00) on shares of Sanderson Farms in a report on Thursday, December 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $140.00 price objective on shares of Sanderson Farms in a report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Sanderson Farms has a consensus rating of “Hold” and a consensus price target of $137.80.

In other Sanderson Farms news, Director Jones Gail Pittman sold 260 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was 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 available through the SEC website. 5.30% 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.

Insider Buying and Selling by Quarter for Sanderson Farms (NASDAQ:SAFM)

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