According to a research report this morning, Sanderson Farms SAFM reports EPS of $1.04, $0.27 higher than estimates.
Deutsche Bank explained, “Mgmt. cites caution over foodservice demand and near-term feed costs, but noted strong pricing environment into May and good retail/export demand. Points of focus on the call: recent weakening in chicken complex, which seems to be a bit earlier than the typical seasonal trend, potential for industry expansion.”
Sanderson Farms closed Friday at $54.31 as Deutsche Bank maintains its Hold rating and $51 PT.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in