SAFM - Sanderson Farms, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
159.87
-1.93 (-1.19%)
At close: 4:00PM EST

166.00 +6.13 (3.83%)
Pre-Market: 8:53AM EST

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Previous Close161.80
Open161.60
Bid0.00 x 1000
Ask166.00 x 900
Day's Range157.96 - 162.31
52 Week Range93.98 - 162.44
Volume267,122
Avg. Volume347,941
Market Cap3.542B
Beta (3Y Monthly)0.73
PE Ratio (TTM)107.95
EPS (TTM)1.48
Earnings DateDec 18, 2019 - Dec 23, 2019
Forward Dividend & Yield1.28 (0.81%)
Ex-Dividend Date2019-09-30
1y Target Est158.56
  • Meat companies are the worst at managing water risk — and it’s costing them, study finds
    MarketWatch

    Meat companies are the worst at managing water risk — and it’s costing them, study finds

    Meat companies are among the most vulnerable to water risks, from flooding to drought to contamination, and yet they got the lowest scores in a new report from sustainability organization Ceres on water management.

  • Business Wire

    Sanderson Farms to Participate in Stephens 2019 Fall Investment Conference

    Sanderson Farms, Inc. today announced that management will participate in the Stephens 2019 Fall Investment Conference to be held November 13-15, 2019, at The Omni Hotel in Nashville, Tennessee.

  • Chicken Producers Soar as China Signals End of U.S. Ban
    Bloomberg

    Chicken Producers Soar as China Signals End of U.S. Ban

    (Bloomberg) -- Shares of America chicken processors surged Monday after China said it’s prepared to lift a ban on U.S. poultry that’s been in place since 2015.Tyson Foods Inc., Pilgrim’s Pride Corp. and Sanderson Farms Inc. are all poised to benefit as China may seek to import more protein in the wake of a deadly pig disease that’s wiped out a significant percentage of its hog herd. Chicken is the cheapest substitute for pork, which is the country’s preferred protein.“This could be a significant positive for the U.S. chicken industry given China’s historical prominence as a chicken import partner, and because of the country’s current need for additional protein imports in the wake of African swine fever-driven supply challenges,” analysts at Stephens Inc., including Ben Bienvenu, said in a note Monday.Sanderson Farms shares gained as much as 16%, the biggest intraday jump in more than a decade, while Pilgrim’s Pride and Tyson rose as much as 8.3% and 5.1%, respectively.African swine fever is spreading through Asia and may cut Chinese production by 60% by the end of this year, according to researcher Global AgriTrends. China produces and consumes about half of the world’s pork, and the damage from the fever is widely expected to create a protein gap that suppliers won’t be able to fill. Pork costs have skyrocketed in the country.China is already importing more chicken from Brazil, the U.S.’s main competitor in poultry exports, including parts and whole chickens, Sanderson Farms Chief Executive Officer Joe Sanderson said Oct. 18 during an investor presentation.In the event of access to China, the quantity of U.S. exports may not necessarily see significant increases, according to Global AgriTrends President Brett Stuart. China may just displace exports to smaller markets, which would push up prices, especially for chicken leg quarters.“To see that leg quarter price get another bump, that would go right to the bottom line of U.S. producers,” Stuart said, which would be “great news” for the industry.Sanderson has “the most quantifiable benefit,” according to the Stephens report, as it sold 74.9 million pounds (34,000 metric tons) of chicken for $62.1 million to China in fiscal year 2014, before the ban.Rising American poultry shipments can help ease a U.S. protein glut. In the first nine months of 2019, U.S. chicken slaughter climbed 1.4% from a year earlier and animal weights also increased.(Adds context in paragraph five and analyst, company comments in paragraph six.)\--With assistance from Steven Frank.To contact the reporter on this story: Lydia Mulvany in Chicago at lmulvany2@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.com©2019 Bloomberg L.P.

  • MarketWatch

    Sanderson Farms stock soars in active trading after report China lifting ban on U.S. poultry

    Shares of Sanderson Farms Inc. shot up 13% in active morning trading Monday, which puts the chicken processing company's stock on track for the best one-day performance in nearly 11 years, after Reuters reported late Friday that China will lift a ban on U.S. poultry as part of a partial trade deal. Trading volume topped 550,000 shares, already well above the full-day average of about 320,000 shares. The stocks of other companies in the chicken business also rose, with Tyson Foods Inc. up 3.2% and Pilgrim's Pride Corp. climbing 5.2%. "While any agreement still needs to be finalized, we view this as a clear positive for the U.S. poultry industry...as a lift of the import ban would provide a significant export market for U.S. producers and could provide support to U.S. chicken prices," analyst Peter Galbo and Bank of America Merrill Lynch wrote in a note to clients. He said the lifting of the ban one one of four scenarios in which poultry producers could benefit from African Swine Fever (ASF) occurring in China, which led to theculling of millions of hogs, as consumers may switch consumption to chicken from pork. Stephens Inc.'s Ben Bienvenu said that while the report of the ban being lifted is a "clear positive" for all three chicken processors, "Sanderson has the most quantifiable benefit given the company's robust disclosures detailed in its filings." The stock has soared 53.1% year to date, while the S&P 500 has gained 21.3%.

  • Hedge Funds Are Still Crazy About Sanderson Farms, Inc. (SAFM)
    Insider Monkey

    Hedge Funds Are Still Crazy About Sanderson Farms, Inc. (SAFM)

    Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]

  • Factors Likely to Impact Pilgrim's Pride's (PPC) Q3 Earnings
    Zacks

    Factors Likely to Impact Pilgrim's Pride's (PPC) Q3 Earnings

    Benefits from strong brands, especially in the Prepared Foods category, is likely to show on Pilgrim's Pride's (PPC) Q3 performance. However, high input costs in Europe are a concern.

  • Sanderson Farms, Inc. (NASDAQ:SAFM) Delivered A Weaker ROE Than Its Industry
    Simply Wall St.

    Sanderson Farms, Inc. (NASDAQ:SAFM) Delivered A Weaker ROE Than Its Industry

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Hormel Foods Boasts Strong Brands, Input Costs a Worry
    Zacks

    Hormel Foods Boasts Strong Brands, Input Costs a Worry

    Hormel Foods' (HRL) Refrigerated Foods category is steadily growing on strong brand portfolio. However, rising input costs as well as weak turkey and grocery categories are concerns.

  • Solid Poultry Products to Aid Sanderson Farms Amid Cost Woes
    Zacks

    Solid Poultry Products to Aid Sanderson Farms Amid Cost Woes

    Sanderson Farms' (SAFM) sturdy prices in poultry products and solid export sales bodes well. However, high freight costs and soft demand for big bird boneless meat remain concerns.

  • Why Is Sanderson Farms (SAFM) Up 1.5% Since Last Earnings Report?
    Zacks

    Why Is Sanderson Farms (SAFM) Up 1.5% 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.

  • Have Sanderson Farms, Inc. (NASDAQ:SAFM) Insiders Been Selling Their Stock?
    Simply Wall St.

    Have Sanderson Farms, Inc. (NASDAQ:SAFM) Insiders Been Selling Their Stock?

    We'd be surprised if Sanderson Farms, Inc. (NASDAQ:SAFM) shareholders haven't noticed that an insider, Robert Khayat...

  • Sanderson Farms to Gain From Solid Poultry Prices, Costs High
    Zacks

    Sanderson Farms to Gain From Solid Poultry Prices, Costs High

    Sanderson Farms' (SAFM) solid export sales and sturdy prices in poultry products bodes well. However, high freight costs and soft demand for big bird boneless meat remain concerns.

  • Thomson Reuters StreetEvents

    Edited Transcript of SAFM earnings conference call or presentation 29-Aug-19 3:00pm GMT

    Q3 2019 Sanderson Farms Inc Earnings Call

  • Reuters

    UPDATE 1-Sanderson Farms gets U.S. DoJ subpoena in chicken price-fixing case

    Poultry processor Sanderson Farms Inc said on Monday it had received a subpoena from the U.S. Department of Justice related to the regulator's investigation into the broiler chicken antitrust case. The Justice Department in June launched a criminal probe into allegations that Tyson Foods Inc and other poultry processors including Pilgrim's Pride Corp and Sanderson Farms colluded to fix poultry prices. Pilgrim's Pride is owned mostly by Brazilian meat packer JBS SA.

  • Sanderson Farms' (SAFM) Stock Up Despite Q3 Earnings Miss
    Zacks

    Sanderson Farms' (SAFM) Stock Up Despite Q3 Earnings Miss

    Sanderson Farms (SAFM) posts lower-than-expected earnings and sales in third-quarter fiscal 2019. However, the metrics grow year over year.

  • Sanderson Farms Inc (SAFM) Q3 2019 Earnings Call Transcript
    Motley Fool

    Sanderson Farms Inc (SAFM) Q3 2019 Earnings Call Transcript

    SAFM earnings call for the period ending July 31, 2019.

  • Sanderson Farms (SAFM) Misses Q3 Earnings and Revenue Estimates
    Zacks

    Sanderson Farms (SAFM) Misses Q3 Earnings and Revenue Estimates

    Sanderson Farms (SAFM) delivered earnings and revenue surprises of -11.62% and -2.06%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?

  • TheStreet.com

    Sanderson Farms Shares Wing Higher on Poultry Producer's Earnings Increase

    The Mississippi poultry producer and processor says its bottom line is fattened up by increases in market prices for jumbo wings, chicken tenders and dark meat.

  • Benzinga

    A Preview Of Sanderson Farms Q3 Earnings

    Sanderson Farms (NASDAQ: SAFM ) will be releasing its next round of earnings this Thursday, August 29. For all of the relevant information, here is your guide for the Q3 earnings announcement. Earnings ...

  • Sanderson Farms, Inc. (NASDAQ:SAFM) Investors Should Think About This Before Buying It For Its Dividend
    Simply Wall St.

    Sanderson Farms, Inc. (NASDAQ:SAFM) Investors Should Think About This Before Buying It For Its Dividend

    Dividend paying stocks like Sanderson Farms, Inc. (NASDAQ:SAFM) tend to be popular with investors, and for good reason...

  • How Sanderson Farms (SAFM) Looks Just Ahead of Q3 Earnings
    Zacks

    How Sanderson Farms (SAFM) Looks Just Ahead of Q3 Earnings

    Bright prospects in chicken and export markets along with contributions from the Tyler plant are likely to aid Sanderson Farms' (SAFM) Q3 results. However, high costs are a concern.

  • Sanderson Farms (SAFM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Sanderson Farms (SAFM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Sanderson Farms (SAFM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.