125.29 0.00 (0.00%)
After hours: 4:35PM EDT
|Bid||125.31 x 1200|
|Ask||125.37 x 1100|
|Day's Range||124.70 - 127.41|
|52 Week Range||93.98 - 129.64|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 22, 2019 - May 28, 2019|
|Forward Dividend & Yield||1.28 (1.00%)|
|1y Target Est||111.13|
Sanderson Farms (SAFM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Shares of Sanderson Farms Inc. rallied 1.6% toward a one-year high in morning trade Wednesday, after J.P. Morgan analyst Ken Goldman said he was no longer bearish on the chicken processing company, citing higher chicken prices and an more balanced risk-versus-reward scenario. Goldman raise his rating to neutral, after being at underperform since October 2017, and boosted his stock price target to $127 from $88. He also raised his fiscal 2019 EPS forecast to $4.77 from 99 cents, compared with the FactSet consensus of $2.14, given higher chicken prices. "On the constructive side, industry bird weights are down, China indeed could open, and we now see upside to consensus estimates," Goldman wrote in a note to clients. "On the less constructive side, the U.S. broiler industry is still planning on accelerating its capacity growth over the next couple of years, which could reverse currently positive pricing trends. All things considered, therefore, we view a neutral rating as appropriate." The stock has climbed 26.8% year to date, while the S&P 500 has hiked up 12.0%.
Sanderson Farms Inc NASDAQ/NGS:SAFMView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for SAFM with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting SAFM. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding SAFM are favorable, with net inflows of $4.41 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.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.
The poultry industry faces another product problem arising from birds bred for fast growth: Meat texture so squishy it’s called “spaghetti meat.”
Sanderson Farms, Hasbro, BlackBerry, Twitter and Facebook highlighted as Zacks Bull and Bear of the Day
A decades-long trend of increasing chicken size has come to a halt, according to JPMorgan Chase & Co. Big birds -- of nine pounds or more -- are more often plagued by so-called woody breast, a big turn-off for chicken lovers because it makes meat unusually tough. Prices of breast meat from those animals fell to record lows late last year and have only just started to recover. “Bird weights kind of hit a wall because of woody breast and also some customer concerns about weighing counts and boxes,” Sanderson Farms Inc. Chief Executive Officer Joe Sanderson Jr. said Tuesday.
Sanderson Farms' (SAFM) first-quarter fiscal 2019 results affected by tough market conditions leading to reduced prices for boneless breast meat and overall lower poultry prices.
Now Sanderson Farms Inc. is hoping it can once again send the treat East following a four-year ban. The third-largest U.S. chicken producer used to ship a lot of wing tips and chicken feet, also known as paws, to China. Now, amid record low chicken prices in the U.S., a glimmer of hope may be appearing.
NEW YORK, NY / ACCESSWIRE / February 26, 2019 / Sanderson Farms, Inc. (NASDAQ: SAFM ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on February 26, 2019 at 11:00 ...
Sanderson Farms Inc. said Tuesday it had a net loss of $17.8 million, or 82 cents a share, in its fiscal first quarter to Jan. 31, after earnings of $51.2 million, or $2.24 a share, in the year-earlier period, when it enjoyed a tax benefit. Sales fell to $743.4 million from $771.9 million. The FactSet consensus was for a loss per share of $1.55 and sales of $699 million. "Our results for the first quarter reflect continued challenging market conditions with significantly lower market prices for boneless breast meat produced at our big bird deboning plants compared with last year's first quarter," Chief Executive Joe F. Sanderson, Jr. said in a statement. "However, average prices for tray pack products sold to retail grocery store customers were higher both sequentially and when compared with the same period a year ago, and prices continue to reflect a good supply and demand balance." Overall poultry prices were lower than in the year-earlier period. Shares were not yet active premarket, but have fallen 4.2% in the last 12 months, while the S&P 500 has gained 0.6%.
Sanderson Farms' (SAFM) fiscal Q1 earnings are likely to be impacted by high freight and SG&A expenses. However, solid export sales trend is likely to provide some cushion.
Sanderson Farms, Inc. (SAFM) today announced that it will host its first quarter fiscal 2019 earnings conference call at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Tuesday, February 26, 2019. During this call, management will comment on Sanderson Farms’ financial and operating results for the first quarter ended January 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 Tuesday, February 26, 2019.
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Sanderson Farms (SAFM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.