SAFM - Sanderson Farms, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
115.38
-7.94 (-6.44%)
At close: 4:00PM EDT

115.38 0.00 (0.00%)
After hours: 4:00PM EDT

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Previous Close123.32
Open121.49
Bid115.24 x 800
Ask250.00 x 1300
Day's Range113.02 - 124.88
52 Week Range102.13 - 179.45
Volume555,553
Avg. Volume508,262
Market Cap2.566B
Beta (5Y Monthly)0.79
PE Ratio (TTM)79.35
EPS (TTM)1.45
Earnings DateMay 27, 2020 - May 31, 2020
Forward Dividend & Yield1.28 (1.04%)
Ex-Dividend DateJan 26, 2020
1y Target Est167.65
  • Business Wire

    Sanderson Farms Announces Attendance Bonus for Hourly Employees

    Sanderson Farms, Inc. (NASDAQ: SAFM) today announced it has implemented a temporary weekly attendance bonus for the Company’s employees in an amount equivalent to $1.00 an hour for each hour worked. The bonus payment commenced yesterday, Monday, March 30, 2020, and will end Friday, June 26, 2020.

  • MoneyShow

    Which Stocks will Recover First

    Which industries might recover more quickly that others? asks Crista Huff, growth and income expert and editor of Cabot Undervalued Stocks Advisor.

  • Why Is Sanderson Farms (SAFM) Down 4.4% Since Last Earnings Report?
    Zacks

    Why Is Sanderson Farms (SAFM) Down 4.4% Since Last Earnings Report?

    Sanderson Farms (SAFM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Business Wire

    Sanderson Farms, Inc. to Host Conference Call to Discuss Company’s Response To COVID-19

    Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that it will host a conference call at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Thursday, April 2, 2020. During this call, management will provide an update for the investment community on Sanderson Farms’ response to COVID-19 and current poultry market conditions. Those who wish to participate in the call may do so by dialing 888-204-4368 (Conference Code 8852541).

  • Hedge Funds Have Never Been This Bullish On Sanderson Farms, Inc. (SAFM)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Sanderson Farms, Inc. (SAFM)

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • They’re Called Essential, But Local Food Workers Are Resisting
    Bloomberg

    They’re Called Essential, But Local Food Workers Are Resisting

    (Bloomberg) -- Federal governments have been quick to exempt food makers and distributors from lockdowns -- after all, people have to eat. Now some local authorities and unions are fighting back.Mayors in South America have halted some aspects of agricultural production. Unions have threatened to strike over safety concerns. And some poultry workers in the U.S. walked off the job.These pockets of resistance along the supply chain underscore the balancing act needed to contain the coronavirus and protect workers deemed essential while delivering goods and services. It’s an especially acute issue given that transportation, labor and other logistical woes have already made it hard to get food where it needs to be in the pandemic era.In Brazil, a union nearly succeeded in shutting down two JBS SA chicken facilities by convincing a judge that the health risks were too great. In the U.S., chicken giant Perdue Farms is trying to appease workers after two dozen employees at a 600-person plant in Kathleen, Georgia, staged a walkout. The first meat processing employee to test positive for coronavirus in the U.S. also materialized Monday, at a Sanderson Farms Inc. plant.“These brave workers walked out to protect themselves, their community and the public,” said Debbie Berkowitz, worker health and safety program director at the National Employment Law Project, who added that meat plant workers should get raises for the risks they’re taking.Full TiltWhile none of the meat plant incidents have so far caused operational disruptions, there are concerns that more may be coming, causing supply chain hiccups right as consumers are binge-buying groceries to fuel shelter-in-place lockdowns.The U.S. pork industry has requested more guest worker visas, and there’s speculation that plants have been running full-tilt not only to supply unprecedented retail food demand, but also to get as much production in as possible before virus-related disruptions slow the pace.It’s not only meat. Some mayors in key Brazilian agricultural areas are halting transportation as a way to contain the virus. The mayor of Canarana in Mato Grosso state halted trucking to grain ports, and the mayor of Rondonopolis has ordered mills to stop operating. Repair shops are also facing restrictions.In neighboring Argentina last week, trucks were blocked from a key section of the Parana River grain hub by a local mayor. Unions in both South American countries are also seeking assurances that exempt industries and workers are safe.While a Colombian presidential decree states that people involved in agricultural supply chains have free mobility, some mayors are contravening that, said Manuel Rueda, general manager of Integra Trading SAS.Yet international food systems depend on labor at the local level.“We are requesting states and the federal government to intervene in mayors’ decisions,” said Edeon Vaz Ferreira, head of the logistics branch at farmer group Aprosoja in Mato Grosso. “These actions haven’t resulted in real problems yet, but we are acting in advance.”(Adds comments on Perdue walkout in fourth, fifth paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Sanderson Farms slaughterhouse worker tests positive for COVID-19

    U.S. chicken company Sanderson Farms Inc said on Monday that a slaughterhouse worker was infected with the new coronavirus, the first publicly confirmed positive test of a worker in a U.S. meat plant, though the plant is not closing. Farmers and traders have been worried that slaughterhouses could shut if workers or government inspectors fall ill. Closures would remove markets for farmers to sell their livestock and threaten to tighten meat supplies as consumers are stocking up due to concerns about the pandemic.

  • Business Wire

    Sanderson Farms Confirms Employee Has Tested Positive for Novel Coronavirus

    Sanderson Farms, Inc. (NASDAQ: SAFM) today confirmed that an employee at the Company’s McComb, Mississippi, processing plant has tested positive for novel coronavirus. This individual’s work area was contained to one small processing table. "Upon learning of this case, we took a number of immediate steps to protect the health and safety of our employees," said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. "Following CDC and local health department guidelines, and procedures developed in consultation with an infectious disease physician, we identified six individuals in the work area who could be at risk, and those employees, along with the infected employee, have been sent home to self-quarantine with pay. We also conducted a thorough cleaning of the affected work area as well as all of our other facilities over the weekend. We notified all other personnel at the McComb plant of the confirmed case and will continue to work in close partnership with the local health department in McComb and the Mississippi State Department of Health for guidance. We will follow these same procedures if other employees at any of our facilities test positive for the virus. All of our locations, including McComb, continue normal operations."

  • TheStreet.com

    Tyson Foods and Sanderson Farms Upgraded as Meat Is 'Flying off the Shelves'

    Tyson Foods and Sanderson Farms were upgraded to overweight from neutral by JP Morgan, which said that during the coronavirus pandemic "meat is flying off the shelves."

  • MarketWatch

    Sanderson Farms and Tyson Foods upgraded as coronavirus-related demand sends meat 'flying off the shelves'

    Sanderson Farms Inc. and Tyson Foods Inc. were both upgraded to overweight from neutral at JPMorgan as coronavirus-related demand sends meat "flying off the shelves" at grocers. Analysts think the demand is offsetting foodservice weakness. "In addition, because meat is a perishable product (and given limited freezer space in homes), the reversal of today's pantry-loading benefits should be relatively muted," analysts said. Channel checks in New York and California show that chicken was hard to find. Analysts think these companies are shifting merchandise from foodservice to grocers for consumers. Tyson stock has gained 4.8% in Friday premarket trading, though shares are down 16.5% over the last year. Sanderson Farms shares are up nearly 2% in Friday premarket trading and up 1.1% over the last 12 months. The S&P 500 index has fallen 1.7% for the past year.

  • Reuters

    Amid coronavirus crisis, U.S. shoppers turn chicken into a scarcity

    Major U.S. chicken companies are diverting supplies to grocery stores from restaurants to meet red-hot demand as shoppers, unnerved by worries over the new coronavirus, stock their freezers to the brim as they isolate at home. Perdue Farms and Pilgrim's Pride said they are shifting chicken meat toward supermarket customers, after states ordered restaurants to shut dining rooms. Sanderson Farms plans to process more chicken for retail customers this weekend.

  • Chicken Run at Supermarkets Has Processors Boosting Output
    Bloomberg

    Chicken Run at Supermarkets Has Processors Boosting Output

    (Bloomberg) -- Meat companies are ramping up processing to help restock coolers that are being emptied by Americans on edge because of the spreading coronavirus.Tyson Foods Inc., the biggest U.S. meat processor, is making its “most-significant shift” ever to produce more chicken, beef and pork that’s favored by supermarket shoppers, rather than cuts that restaurants use. Employees are working through weekends to fill as many orders as possible.Sanderson Farms Inc. said it is adding Saturday shifts at its five plants that process chicken for grocery-store customers, and is ready to convert two other plants to process more such birds. Pilgrim’s Pride Corp. and Perdue Farms Inc. are also working to accommodate the boom in retail demand.As U.S. restaurants shutter amid efforts to stop the spread of the coronavirus, consumers are rushing to grocery stores to stock up on food and other staples. Fresh meat, along with dry and canned goods, toilet paper and hand sanitizer are among items that haven’t been restocked as quickly as they’ve been sold.“Food stores in our tri-state area have been cleaned out of all poultry-related products due to the ability to freeze them,” said Brian Williams, senior vice president at Macquarie Group Ltd. in New York. “Product lines in the poultry space are being diverted to retail in lieu of restaurant capacity.”The shift is important because 60% of Sanderson Farms’ business is focused on food service. On a call last week, Chief Executive Officer Joe Sanderson said the retail business is “extremely strong,” with the company “pretty well sold” at most of its plants.Meat processors are also adding extra weekend shifts to get ahead of what might become a labor shortage at plants, said Russ Whitman, senior vice president at commodity researcher Urner Barry.With the likelihood that school closures force some plant workers to stay at home, labor concerns are growing. The U.S. Department of Agriculture on Monday said plants will continue to operate staffed with federal inspectors.“We have all seen how consumers have reacted to the evolving coronavirus situation,” the agency said in a statement. “It’s more important than ever that we assure the American public that government and industry will take all steps necessary to ensure continued access to safe and wholesome USDA-inspected products.”The pork industry has already called for an expansion of guest worker visas to combat disruptions, and vegetable growers are in talks with the state of California as farms struggle with the harvest amid a scanter labor supply.The run on protein at supermarkets is also helping support soybean meal, key ingredient in feed. That’s even as the slide in crude oil following the price war between Saudi Arabia and Russia hammered other commodities.“This is one of the primary reasons as to why the likes of soybean meal and corn, to a lesser extent, are holding up better than other commodities akin to the energy complex,” Macquarie’s Williams said.(Updates with Tyson in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    U.S. under pressure to keep slaughterhouses open during virus outbreak

    The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the new coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on Monday. Livestock markets have been hit hard as the spread of the virus threatens workers that companies rely on to process and inspect meat. Prices for cattle and hogs could fall further if coronavirus cases force companies like Tyson Foods Inc or WH Group's Smithfield Foods to close slaughterhouses.

  • Business Wire

    Sanderson Farms, Inc. Reports on Its COVID-19 Response Plan

    Sanderson Farms, Inc. (NASDAQ: SAFM) reported today on measures it is taking in response to the COVID-19 pandemic.

  • Thomson Reuters StreetEvents

    Edited Transcript of SAFM earnings conference call or presentation 27-Feb-20 4:00pm GMT

    Q1 2020 Sanderson Farms Inc Earnings Call

  • Moving Average Crossover Alert: Sanderson Farms
    Zacks

    Moving Average Crossover Alert: Sanderson Farms

    Sanderson Farms, Inc. (SAFM) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

  • U.S. Chicken Flows to China as Ports Return, Tariffs Waived
    Bloomberg

    U.S. Chicken Flows to China as Ports Return, Tariffs Waived

    (Bloomberg) -- U.S. chicken exports to China are flowing freely again as logistical bottlenecks caused by a deadly virus dissipate and the Asian nation issues tariff waivers to buyers, according to Sanderson Farms Inc.The U.S.’s third-largest chicken producer has shipped 522 loads to China of mostly dark meat and paws, Chief Executive Officer Joe Sanderson Jr. said in a presentation Wednesday. That’s up from 420 at the end of February, when the company reported earnings for the first quarter.The coronavirus outbreak, which has claimed more than 4,000 lives globally, disrupted transport opeations in China and left thousands of meat containers piling up at ports. While retaliatory tariffs were until recently a hurdle for U.S. shipments, China is now giving duty waivers to buyers, Sanderson said.“Product is moving through the ports and in country,” he said. “There are no more issues at the ports or with trucking in China. All that’s moving freely.”Ban LiftedChina lifted a ban on U.S. chicken in late November, and in December, the company shipped its first container of paws even with tariffs in place. Importing now has become easier as Chinese buyers can apply for waivers, which are valid for 30 days, according to Sanderson.China, the world’s largest pork consumer, and many other parts of Asia are experiencing a severe protein shortage after African swine fever killed off hundreds of millions of pigs. As the cheapest substitute for pork, chicken has been dubbed a winner. The closure of the wild-animals market will also help poultry demand, Sanderson said.“That means to me that, along with ASF, China is going to need to import protein for a good bit of time to come,” he said, commenting on trade in wild animals.Demand from China is helping boost prices for dark meat, and the meat producer is close to approaching a point where the company won’t have enough capacity to ship more to the Asian nation, which is currently buying drumsticks, leg quarters, whole legs, paws and gizzards.“We are getting to a point where we won’t be able to sell any more product to China,” Sanderson said. “We are not there yet, but we will approach that before too long.”Shipments of just chicken paws to China will boost earnings before interest and tax by $65 million this year, with the majority of the gains seen in the third and fourth quarters, according to the company. That’s because three of its plants had never packed paws and are still learning to do so.U.S. chicken is also experiencing higher domestic demand as sandwich wars between fast food restaurants are reaching a fever pitch. The coronavirus hasn’t yet dampened the pace of food service orders for Sanderson Farms, and the company is even short this week, the CEO said. Wholesale breast prices have jumped more than 20% in the past two weeks.Mexico has also been buying up the white meat. Sanderson said the company’s weekly exports have doubled from about 25 loads to 50 to 55 loads, and he suspects competitors are doing the same.As a bonus, Cuba is also in the market with a tender, Sanderson said. The nation hadn’t being buying as much recently as it’s backed by Venezuela, which is facing a crisis.(Updates with CEO comments starting in sixth paragraph.)To contact the reporters on this story: Lydia Mulvany in Chicago at lmulvany2@bloomberg.net;Isis Almeida in Chicago at ialmeida3@bloomberg.netTo contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Millie MunshiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    'Thanks Larry!' Green accounting project says BlackRock plug gave it a boost

    The Sustainability Accounting Standards Board, which hopes to standardize how companies report their environmental and social impact, said it has received a flood of new interest since investment giant BlackRock Inc touted it an open letter to CEOs this year. SASB CEO Janine Guillot said the group is now working to translate the new traffic into more data reporting. "It is surprising how much a little letter from Larry Fink can generate," said Guillot, referring to BlackRock's CEO.

  • Business Wire

    Sanderson Farms Confirms Participation in BofA Securities 2020 Consumer & Retail Technology Conference

    Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that management has confirmed plans to participate in the BofA Securities 2020 Consumer & Retail Technology Conference to be held March 10-11, 2020. Due to the travel and health concerns related to the current COVID-19 outbreak, BofA Securities will now conduct a virtual conference for company presenters and investors.

  • Reuters

    China tariff exemptions boost U.S. poultry shipments

    U.S. chicken products are entering China without retaliatory tariffs after Beijing made poultry eligible for exemptions to the extra duties, shippers and an industry group said on Thursday. The additional tariff relief may help China follow through on pledges to significantly increase purchases of American agricultural goods as part of an initial trade deal signed in January. U.S. chicken company Tyson Foods Inc said it had already seen chicken shipments rise as a result.

  • Sanderson Farms, Inc. Just Reported Earnings, And Analysts Cut Their Target Price
    Simply Wall St.

    Sanderson Farms, Inc. Just Reported Earnings, And Analysts Cut Their Target Price

    Sanderson Farms, Inc. (NASDAQ:SAFM) just released its quarterly report and things are looking bullish. Revenues and...

  • Sanderson Farms' (SAFM) Loss Wider Than Estimates in Q4
    Zacks

    Sanderson Farms' (SAFM) Loss Wider Than Estimates in Q4

    Sanderson Farms' (SAFM) fourth-quarter fiscal 2019 improves year over year. Nevertheless, the company is optimistic about demand and prices for its poultry products in 2020.

  • Sanderson Farms (SAFM) Reports Q1 Loss, Tops Revenue Estimates
    Zacks

    Sanderson Farms (SAFM) Reports Q1 Loss, Tops Revenue Estimates

    Sanderson Farms (SAFM) delivered earnings and revenue surprises of -137.84% and 2.27%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Sanderson Farms loss widens more than expected, but revenue tops forecasts

    Sanderson Farms Inc. reported Thursday a fiscal first-quarter loss that widened much more than expected, as market prices for boneless chicken breast meat fell to record lows, while revenue rose more than forecast. The chicken meat producer's stock was still inactive in premarket trading. The net loss widened to $38.6 million, or $1.76 a share, from $17.8 million, or 82 cents a share, in the year-ago period. The FactSet consensus for net loss per share was $1.02. Sales rose to $823.1 million from $743.4 million, topping the FactSet consensus of $801.1 million. Overall market prices for poultry products fell, as boneless breast meat prices declined 3.4%, while average feed cost per pound of poultry products processed increased 6.3%. Looking ahead, the company said the outbreak of African swine fever in China, which has reduced the global supply of pork, should eventually boost the poultry market in the U.S. And since China lifted the ban on the import of U.S. chicken at the end of 2019, the company has received orders from China customers for about 18 million pounds of chicken products. However, the company said the COVID-19 virus is now disrupting markets, depressing demand, hurting shipping and supply chain logistics and slowing China's economic growth rate. The stock, which closed Wednesday at an 11-month low, has tumbled 25% over the past three months while the S&P 500 has slipped 1.2%.