SAFM - Sanderson Farms, Inc.
| Previous Close | 131.51 |
| Open | 131.77 |
| Bid | 125.42 x 800 |
| Ask | 146.53 x 800 |
| Day's Range | 129.75 - 132.88 |
| 52 Week Range | 93.98 - 154.82 |
| Volume | 325,116 |
| Avg. Volume | 417,476 |
| Market Cap | 2.88B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.40 |
| Earnings Date | Aug 21, 2019 - Aug 26, 2019 |
| Forward Dividend & Yield | 1.28 (1.00%) |
| Ex-Dividend Date | 2019-07-29 |
| 1y Target Est | 154.63 |
- Business Wire•2 days ago
Sanderson Farms, Inc. Names Sonia Pérez to Board of Directors
Sanderson Farms, Inc. (SAFM) today announced that Sonia Pérez was elected to the Company’s Board of Directors, effective July 18, 2019. Prior to this position, she was named the first woman president of AT&T Louisiana in 2010, having previously worked in various management capacities at AT&T in Houston and McAllen, Texas. Pérez currently serves as Chair of the Board of the Louisiana Association of Business and Industry, and is past chair of the state’s business roundtable, the Committee of 100.
- Business Wire•3 days ago
Sanderson Farms, Inc. Announces Quarterly Dividend
Sanderson Farms, Inc. today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.32 per share payable August 13, 2019, to stockholders of record on July 30, 2019.
- Business Wire•5 days ago
Sanderson Farms to Host Investor Conference
Sanderson Farms, Inc. (SAFM) today announced that management will host an investor conference to be held October 17-18, 2019, at The Ritz Carlton Hotel in New Orleans, Louisiana. The investor presentation and Q&A session will be led by Joe F. Sanderson, Jr., chairman and chief executive officer, with additional comments from industry experts and the Company’s management team. A link to the broadcast will be posted on the investor relations section of the Company’s website, www.sandersonfarms.com, and a replay will be available for 30 days.
- Zacks•6 days ago
Sanderson Farms Sees Hammer Chart Pattern: Time to Buy?
Sanderson Farms has been struggling lately, but the selling pressure may be coming to an end soon.
- Thomson Reuters StreetEvents•16 days ago
Edited Transcript of SAFM earnings conference call or presentation 30-May-19 3:00pm GMT
Q2 2019 Sanderson Farms Inc Earnings Call
- Simply Wall St.•18 days ago
How Much Did Sanderson Farms, Inc.'s (NASDAQ:SAFM) CEO Pocket Last Year?
Joe Sanderson has been the CEO of Sanderson Farms, Inc. (NASDAQ:SAFM) since 1989. This report will, first, examine the...
- Zacks•22 days ago
Sanderson Farms (SAFM) Down 4.7% Since Last Earnings Report: Can It Rebound?
Sanderson Farms (SAFM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Market Realist•25 days ago
Tyson, Other Meat Producers Hit with Price-Fixing Allegations
Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.
- Bloomberg•26 days ago
U.S. Probes Claims of Poultry Price-Fixing
(Bloomberg) -- The U.S. Justice Department has opened a criminal investigation into allegations that chicken processors, including Tyson Foods Inc., Pilgrim’s Pride Corp. and Sanderson Farms Inc., conspired to fix prices.Prosecutors disclosed the grand jury probe in a court filing Friday in Chicago, where civil lawsuits against more than a dozen companies in the industry are pending. Tyson, Pilgrim’s and Sanderson alone control almost half of the U.S. chicken market.The investigation significantly escalates pressure on the poultry processors, which have been fighting price-fixing allegations by consumers, distributors, grocery chains and food companies, including Conagra Brands Inc. and Kraft Heinz Co.Tyson closed down 1.1% to $79.97 in New York, while Pilgrim’s settled down 1.3% to $25.18 and Sanderson dropped 2.2% to $131.03. Brazil’s JBS SA, which owns a controlling stake in Pilgrim’s, settled up 0.5% to 21.90 reais in Sao Paulo.A spokesman for the Justice Department declined to comment. Prosecutors intervened in the civil litigation to ask the court to suspend for six months depositions of the chicken processors’ current and former employees. Tyson said it was notified on April 26 that plaintiffs in the civil cases had received a subpoena from the Justice Department.“We are aware of the Department of Justice’s request, which does not change our view that there is simply no merit to the allegations that Tyson Foods colluded with competitors,” Gary Mickelson, a company spokesman, said in an emailed statement. “We remain committed to vigorously defending ourselves against these baseless allegations.”Sanderson Farms Chief Financial Officer Mike Cockrell said the company hasn’t received a subpoena. “The company continues to believe the civil plaintiffs’ claims as to Sanderson Farms are wholly without merit, and we are committed to defending the case vigorously,” Cockrell said in an emailed statement.Pilgrim’s Pride didn’t immediately respond to a request Tuesday seeking comment on the criminal probe.The poultry processors are accused in the civil lawsuits of colluding to increase prices for broiler chickens. The companies allegedly reduced the supply of broiler chickens and then manipulated prices on a weekly benchmark compiled by the Georgia Department of Agriculture, according to court papers.(Updates shares in fourth paragraph.)To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Lydia Mulvany in Chicago at lmulvany2@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, ;David Glovin at dglovin@bloomberg.net, Steve Stroth, Peter JeffreyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•26 days ago
U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals
The DOJ filed a motion to intervene and stay discovery of evidence in an antitrust lawsuit involving the companies and has convened a grand jury to investigate, according to a court filing from Friday. Shares of Tyson, Pilgrim's Pride and Sanderson Farms fell in late afternoon trading.
- Business Wire•26 days ago
Sanderson Farms, Inc. Comments on Legal Proceedings
The Company has not been subpoenaed in connection with the Department of Justice investigation. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
- Zacks•last month
3 Factors That Make Pilgrim's Pride (PPC) a Delightful Pick
Pilgrim's Pride (PPC) is gaining from strong Prepared Foods unit, expansion in the fresh foods space and other endeavors.
- Zacks•last month
How Sanderson Farms (SAFM) Stock Stands Out in a Strong Industry
Sanderson Farms (SAFM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- MarketWatch•last month
The trade war is making U.S. pork producers squeal
With China’s hog inventory depleted due to African swine fever, the demand for imported pork is up, which would be a good thing for U.S. meat companies except the U.S.-China trade war is getting in the way, says CFRA.
- TheStreet.com•last month
Good Charts and a Quant 'Buy' Rating Support My Bullish View of Sanderson Farms
In this daily bar chart of SAFM, below, we can see a sideways consolidation pattern from last June to early January with prices bounded roughly by $95 on the downside and the $110-$115 area above. The volume pattern has been uneven but you can see the On-Balance-Volume (OBV) line take flight from December. The OBV line has made a new high recently and could be foreshadowing a new price high.
- Simply Wall St.•last month
Why Sanderson Farms, Inc. (NASDAQ:SAFM) Could Be Worth Watching
Sanderson Farms, Inc. (NASDAQ:SAFM), which is in the food business, and is based in United States, received a lot of...
- Zacks•last month
Hormel Foods Struggles With Pork Market Worries & Turkey Unit
Challenges related to Jennie-O Turkey segment, soft pork exports and input cost inflation are weighing on Hormel Foods Corporation (HRL).
- Zacks•2 months ago
Sanderson Farms (SAFM) Q2 Earnings Top Estimates, Stock Up
Sanderson Farms' (SAFM) top line misses the Zacks Consensus Estimate, while the bottom line surpasses the same in Q2. However, sales rise year over year.
Motley Fool•2 months agoSanderson Farms Inc (SAFM) Q2 2019 Earnings Call Transcript
SAFM earnings call for the period ending April 30, 2019.
- Zacks•2 months ago
Sanderson Farms (SAFM) Q2 Earnings Beat Estimates
Sanderson Farms (SAFM) delivered earnings and revenue surprises of 3.39% and -0.53%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
- Markit•2 months ago
See what the IHS Markit Score report has to say about Sanderson Farms Inc.
Sanderson Farms Inc NASDAQ/NGS:SAFMView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate and declining Bearish sentimentShort interest | PositiveShort interest is moderate for SAFM with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 13. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.90 billion over the last one-month into ETFs that hold SAFM are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- CNBC•2 months ago
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