Skip to main content

Market Overview

Recap: Sanderson Farms Q3 Earnings

Share:

Shares of Sanderson Farms (NASDAQ:SAFM) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 38.59% year over year to $1.48, which beat the estimate of $0.95.

Revenue of $956,455,000 higher by 1.20% year over year, which beat the estimate of $936,040,000.

Guidance

Sanderson Farms hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 27, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3xfv56im

Technicals

Company's 52-week high was at $179.45

52-week low: $102.13

Price action over last quarter: down 12.12%

Company Description

Sanderson Farms is the third- largest dressed-chicken processor in the United States, producing and selling a variety of fresh, frozen, and value-added chicken products to grocers, food-service operators, and distributors. Most revenue is generated in the Southeastern, Southwestern, Northeastern, and Western United States, with 85%-95% of sales made to domestic customers in recent years. The company's product portfolio consists of tray pack and large birds, catering to grocery and food-service customers.

 

Related Articles (SAFM)

View Comments and Join the Discussion!

Posted-In: Earnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com