Sanderson Farms misses 4Q profit forecasts

Marco Green
December 16, 2017

Investors sentiment decreased to 0.94 in Q2 2017.

Since August 25, 2017, it had 0 buys, and 5 sales for $1.09 million activity.

Director, Khayat Robert C, sold 1,775 common shares of Sanderson Farms, Inc. 47 funds opened positions while 74 raised stakes. Whittier Tru holds 41 shares. Sanderson Farms presently has an average rating of "Hold" and an average target price of $138.80. The insider, COCKRELL D MICHAEL, now holds 85,418 shares of SAFM. 15,000 were accumulated by Virginia Retirement Sys Et Al. Sidoti downgraded the shares of SAFM in report on Friday, November 20 to "Neutral" rating. BMO Capital Markets maintained Sanderson Farms, Inc. (NASDAQ:SAFM). Cambridge Investment Advsrs Incorporated holds 0.02% or 11,852 shares. 12,571 were reported by Burney Com. The Illinois-based Drw Securities Llc has invested 0.01% in the stock. Strs Ohio boosted its holdings in Sanderson Farms by 180.0% in the second quarter. (NASDAQ:SAFM). Savings Bank Of New York Mellon invested in 315,083 shares. MOONEY DIANNE sold $198,771 worth of stock. On Friday, August 25 the insider Bierbusse John sold $86,269. Shares for $123,714 were sold by LIVINGSTON PHIL K. More interesting news about Sanderson Farms, Inc.

Net income in the quarter plunged 15.9% to $57.1 million or $1.63 per diluted share from $67.9 million or $1.96 in the same quarter previous year. The stock traded as low as $145.10 and last traded at $145.85. These shares are worth $432,330 and were traded at $144.11 each. Sanderson Farms, Inc. (NASDAQ:SAFM) has risen 33.01% since December 14, 2016 and is uptrending.

The move comes after 5 months negative chart setup for the $3.32B company.

Analysts await Sanderson Farms, Inc. (NASDAQ:SAFM) to report $3.64 EPS on December, 21.They anticipate $0.28 EPS change or 8.33% from last quarter's $3.36 EPS. SAFM's profit will be $82.78M for 10.02 P/E if the $3.64 EPS becomes a reality. After having $5.09 EPS previously, Sanderson Farms, Inc.'s analysts see -28.49 % EPS growth. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. Therefore 36% are positive.

Sanderson Farms misses 4Q profit forecasts
Sanderson Farms misses 4Q profit forecasts

In fact, it looks like prices consistently rose from March all the way up to September and then fell at a far greater rate than they had climbed. This company shares are -12.12% up from its target price of $128.18 and the current market capitalization stands at $3.34B. The rating was upgraded by JP Morgan on Monday, January 11 to "Overweight". As per Monday, October 2, the company rating was downgraded by Mizuho. The company was upgraded on Monday, December 12 by Sidoti.

More important recent Sanderson Farms, Inc.

Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings data on Thursday, December 14th.

Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year.

Sanderson was optimistic in his assessment of the quarter, however, sighting the continued success of the company throughout its 2017 fiscal year. Those institutional holdings amount to $3.91 billion. 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. It has a 13.46 P/E ratio. 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.

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