|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||148.96 - 155.12|
|52 Week Range||93.98 - 158.32|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||103.69|
|Earnings Date||Aug 21, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||1.28 (0.89%)|
|1y Target Est||162.00|
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.
(Bloomberg) -- With Florida orange groves seemingly escaping major damage from Hurricane Dorian, concern now turns to soy, corn and cotton fields as well as livestock in Georgia and the Carolinas as the hurricane churns northward.North Carolina Governor Roy Cooper declared a state of emergency as the storm threatened “severe economic loss” on livestock, poultry and crops that were ready to be harvested, Steve Troxler, North Carolina agriculture commissioner, said in a statement.Due to the emergency, weight limits were temporarily suspended on trucks transporting animals and crops. The state accounts for about 12%, or 9 million head, of the U.S. hog herd, according to government data. South Carolina has also declared a state of emergency.Flooding across eastern portions of North Carolina and South Carolina could hurt cotton, said Donald Keeney, senior agricultural meteorologist at Maxar in Gaithersburg, Maryland. The plants are also vulnerable to strong winds and flooding, which could hurt quality. It’s still unclear how much damage there will be to crops, according to Drew Lerner, president of World Weather Inc. in Overland Park, Kansas.The potential damage to cotton in the Carolinas combined with recent dryness in West Texas, the nation’s top growing region, may lead the U.S. Department of Agriculture to trim its estimate for domestic production in the 2019-2020 season that started last month, Louis Rose, director of research and analysis at Rose Commodity Group in Memphis, Tennessee, said by email.Peanuts crops in the Carolinas may also be flooded and some “minor” plantings of corn and soybeans in those states could be affected, Keeney said. Livestock operations, including poultry and livestock located on “the far eastern fringes” could also be hit, he said.Meanwhile, the current storm path means Florida orange groves will probably be spared major damage as the system is expected to stay far enough away from prime growing regions, said Joel Widenor of Commodity Weather Group in Bethesda, Maryland. Orange juice futures traded in New York dropped as much as 6.4% on easing supply concerns.Billions in DamageIn the last five years, the U.S. Southeast has been hit by two hurricanes and a devastating flood that caused $37.2 billion in damage, according to the U.S. National Centers for Environmental Information in Asheville, North Carolina.In October 2015, flooding across South Carolina sent rivers out of their banks for weeks and cost at least $2.2 billion, according to the center. A year later, Hurricane Matthew grazed the East Coast sending a second round of flooding across many of the same areas, as well as Florida, Georgia and North Carolina causing $10.8 billion in damage, the agency said. In eastern North Carolina 100,000 homes, businesses and farm buildings were flooded.Lagoons holding hog waste have been “well managed” and “can receive the amounts of rain forecast,” the North Carolina Pork Council said in a statement.Floodwaters can cause waste pits to collapse or overflow, potentially spreading bacteria. Last year, the state faced a health and environmental crisis after at least 17 hog-waste lagoons were compromised and sewage plants across the state flooded, releasing millions of gallons of partially treated human discharge.Meat seller Tyson Foods Inc. isn’t operating its plant in Jacksonville, Florida, Tuesday and Wednesday “out of an abundance of caution,” the company said. Meanwhile, poultry giant Sanderson Farms Inc. said it’s not expecting any significant impact on its operations from Hurricane Dorian at the moment, Chief Financial Officer Mike Cockrell said by by phone. The company lost 2 million birds in North Carolina in a hurricane last year.\--With assistance from Isis Almeida.To contact the reporters on this story: Marvin G. Perez in New York at firstname.lastname@example.org;Michael Hirtzer in Chicago at email@example.com;Brian K. Sullivan in Boston at firstname.lastname@example.orgTo contact the editors responsible for this story: James Attwood at email@example.com, Millie MunshiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Sanderson Farms (SAFM) posts lower-than-expected earnings and sales in third-quarter fiscal 2019. However, the metrics grow year over year.
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?
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.
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 ...
Dividend paying stocks like Sanderson Farms, Inc. (NASDAQ:SAFM) tend to be popular with investors, and for good reason...
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) 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.
Sanderson Farms, Inc. today announced that management will participate in the Barclays Global Consumer Staples Conference to be held September 3-5, 2019, at The InterContinental Boston in Boston, Massachusetts.
Sanderson Farms, Inc. (SAFM) today announced that it will host its third quarter fiscal 2019 earnings conference call at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Thursday, August 29, 2019. During this call, management will comment on Sanderson Farms’ financial and operating results for the third quarter ended July 31, 2019. A live online broadcast of Sanderson Farms’ conference call will also begin at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Thursday, August 29, 2019.
Joe Sanderson has been the CEO of Sanderson Farms, Inc. (NASDAQ:SAFM) since 1989. This report will, first, examine the...
Sanderson Farms (SAFM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.