Media coverage about Sanderson Farms (NASDAQ:SAFM) has trended positive on Saturday, AlphaOne Sentiment reports. The research firm, a division of Accern, rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sanderson Farms earned a daily sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also assigned press coverage about the company an impact score of 88 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted AlphaOne’s scoring:
Several analysts have recently issued reports on the company. Zacks Investment Research lowered Sanderson Farms from a “strong-buy” rating to a “hold” rating in a report on Friday. Pacific Crest restated an “overweight” rating and set a $125.00 price objective (up from $120.00) on shares of Sanderson Farms in a research report on Sunday, April 23rd. Jefferies Group LLC restated an “underperform” rating and set a $60.00 price objective on shares of Sanderson Farms in a research report on Monday, February 27th. BMO Capital Markets restated a “hold” rating and set a $105.00 price objective on shares of Sanderson Farms in a research report on Wednesday, April 12th. Finally, Sidoti downgraded Sanderson Farms from a “buy” rating to a “neutral” rating in a research report on Friday, April 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $106.00.
Shares of Sanderson Farms (NASDAQ:SAFM) traded up 0.36% during mid-day trading on Friday, hitting $116.10. The company had a trading volume of 270,660 shares. Sanderson Farms has a one year low of $74.07 and a one year high of $116.76. The company has a market capitalization of $2.64 billion, a PE ratio of 13.04 and a beta of 0.34. The company’s 50-day moving average is $107.08 and its 200 day moving average is $94.50.
Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Thursday, February 23rd. The company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by $0.40. Sanderson Farms had a net margin of 6.71% and a return on equity of 16.94%. The company earned $688.35 million during the quarter, compared to the consensus estimate of $695.66 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 13.7% on a year-over-year basis. On average, equities research analysts forecast that Sanderson Farms will post $8.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, May 5th. Sanderson Farms’s dividend payout ratio (DPR) is presently 11.48%.
In other news, Treasurer D Michael Cockrell sold 5,619 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $103.71, for a total value of $582,746.49. Following the completion of the sale, the treasurer now owns 87,437 shares of the company’s stock, valued at approximately $9,068,091.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Phil K. Livingston sold 1,700 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $92.58, for a total value of $157,386.00. Following the completion of the sale, the director now directly owns 11,873 shares of the company’s stock, valued at approximately $1,099,202.34. The disclosure for this sale can be found here. In the last three months, insiders sold 8,529 shares of company stock valued at $853,643. 5.66% of the stock is currently owned by corporate insiders.
About Sanderson Farms
Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.