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Showing posts with label SAFM. Show all posts
Showing posts with label SAFM. Show all posts

Thursday, May 24, 2018

=Sanderson Farms (SAFM) reported earnings on Thur 24 May 18 (b/o)

  • August 2021: It was announced that Sanderson Farms was sold to global food corporation Cargill, in a joint venture with Continental Grain Co. for $4.5 billion. The sale will combine Sanderson Farms with Continental subsidiary Wayne Farms to create a new, privately held chicken production company


Sanderson Farms misses by $0.23, misses on revs 
  • Reports Q2 (Apr) earnings of $1.84 per share, $0.23 worse than the Capital IQ Consensus of $2.07; revenues rose 1.4% year/year to $813.5 mln vs the $839.64 mln Capital IQ Consensus.
  • "The results of our second quarter of fiscal 2018 reflect slightly lower feed costs per pound, continued favorable demand for poultry products from retail grocery store customers, higher volume, and a stable export environment..Looking ahead to the second half of the fiscal year, we expect grain prices to
    be somewhat higher as we move through the crop growing season."

Thursday, May 25, 2017

=Sanderson Farms (SAFM) reported earnings on Thur 25 May 2017 (b/o)




Sanderson Farms beats by $0.45, beats on revs:
  • Reports Q2 (Apr) earnings of $2.94 per share, $0.45 better than the Capital IQ Consensus of $2.49; revenues rose 15.9% year/year to $802 mln vs the $769.47 mln Capital IQ Consensus.
  • Capital expenditures for the first six months of fiscal 2016 were $67.3 million, including approximately $23.6 million for construction of the St. Pauls, North Carolina complex, and approximately $5.0 million for construction of a new office building on the site of the Company's headquarters in Laurel, Mississippi.

Thursday, December 17, 2015

=Sanderson Farms (SAFM) reported earnings on Thur 17 Dec 2015 (before open)

** charts before earnings **





 ** charts after earnings **









Sanderson Farms misses by $0.12, misses on revs :
  • Reports Q4 (Oct) earnings of $1.22 per share, $0.12 worse than the Capital IQ Consensus of $1.34; revenues fell 10.7% year/year to $679.6 mln vs the $691.6 mln Capital IQ Consensus. 
  • "We are pleased that our profitability during fiscal 2015 allowed us to fund our planned expansion in Palestine, Texas, further reduce outstanding debt, strengthen our balance sheet, and reward our shareholders with a special dividend," Sanderson continued. "We are well positioned to continue our growth strategy as we continue to move our new poultry complex in Palestine, Texas, to full production and continue construction of our newest complex in St. Pauls, North Carolina. The pounds produced in Palestine and St. Pauls, at full production, will represent a 32 percent increase in our capacity."