SAFM) following the Company's posting of its financial results for the second quarter fiscal 2017 (Q2 FY17) on May 25, 2017. The Laurel, Mississippi-based Company's quarterly net sales and net income rose on a year-over-year basis; beating market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Food - Major Diversified industry. Pro-TD has currently selected DAVIDsTEA Inc. (NASDAQ: DTEA) for due-diligence and potential coverage as the Company announced on June 07, 2017, its financial results for Q1 FY17 which ended on April 29, 2017. Register for a free membership today, and be among the early birds that get access to our report on DAVIDsTEA when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SAFM; also brushing on DTEA. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SAFM

http://protraderdaily.com/optin/?symbol=DTEA

Earnings Reviewed

During Q2 FY17, Sanderson Farms' net sales increased 15.9% to $802.04 million from $692.09 million reported at the end of Q2 FY16. Net sales numbers outperformed market consensus forecasts of $768.6 million. The increase in net sales in Q2 FY17 reflects an increase in poultry products sales by 11.5% y-o-y along with a 5.0% y-o-y rise in average sales price for poultry products.

The poultry producer reported net income of $66.94 million, or $2.94 per diluted share, during Q2 FY17 compared to $47.60 million, or $2.11 per diluted share, in the year ago same quarter. The Company's net income for Q2 FY17 also beat Wall Street's expectations of $2.75 per diluted share.

Operating Metrics

During the three months ended on April 30, 2017, the Company's cost of sales increased to $655.28 million from $578.28 million in Q2 FY16. For the reported quarter, selling, general, and administrative came in at $43.64 million compared to $40.04 million in Q2 FY16. The Company's operating income also increased to $103.11 million in Q2 FY17 from $73.77 million in the prior year's comparable quarter.

In Q2 FY17, the Company processed 1.04 billion pounds of breast poultry during the quarter, up 9.6% from the 945.77 million pounds in the year ago comparable quarter. Sanderson Farms sold 1.04 billion pounds of poultry products in Q2 FY17, rising from 928.9 million pounds during Q2 FY16. Meanwhile, Urner Barry average market prices for boneless breast meat, tenders, jumbo wings, and bulk leg quarters increased by 9.1%, 4.7%, 5.1%, and 17.2% y-o-y, respectively, in Q2 FY17.

Balance Sheet

During the first three months ended on April 30, 2017, the Company reported net cash provided by operating activities of $116.77 million compared to $107.72 million in Q2 FY16. As of April 30, 2017, the Company had cash and cash equivalents balance of $246.28 million compared to $234.11 million, at the close of books on October 31, 2016.

The Company has not reported any long-term debt in its books of accounts. However, on April 28, 2017, the Company entered into a new revolving credit facility to increase, among other things, its available credit to $900.0 million from $750.0 million.

Stock Performance

At the closing bell, on Friday, June 16, 2017, Sanderson Farms' stock fell 1.62%, ending the trading session at $126.44. A total volume of 635.23 thousand shares have exchanged hands, which was higher than the 3-month average volume of 401.72 thousand shares. The Company's stock price skyrocketed 33.49% in the last three months, 41.64% in the past six months, and 55.67% in the previous twelve months. Moreover, the stock soared 34.17% since the start of the year. The stock is trading at a PE ratio of 12.97 and has a dividend yield of 0.76%. The stock currently has a market cap of $2.92 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 466133

"/> Earnings Highlights and Review: Sanderson Farms Posted a Robust Q2 Results; Outshined Forecasts « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Earnings Highlights and Review: Sanderson Farms Posted a Robust Q2 Results; Outshined Forecasts

Research Desk Line-up: DAVIDsTEA Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 19, 2017 / Pro-Trader Daily publishes post-earnings coverage on Sanderson Farms, Inc. (NASDAQ: SAFM) following the Company's posting of its financial results for the second quarter fiscal 2017 (Q2 FY17) on May 25, 2017. The Laurel, Mississippi-based Company's quarterly net sales and net income rose on a year-over-year basis; beating market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Food - Major Diversified industry. Pro-TD has currently selected DAVIDsTEA Inc. (NASDAQ: DTEA) for due-diligence and potential coverage as the Company announced on June 07, 2017, its financial results for Q1 FY17 which ended on April 29, 2017. Register for a free membership today, and be among the early birds that get access to our report on DAVIDsTEA when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SAFM; also brushing on DTEA. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SAFM

http://protraderdaily.com/optin/?symbol=DTEA

Earnings Reviewed

During Q2 FY17, Sanderson Farms' net sales increased 15.9% to $802.04 million from $692.09 million reported at the end of Q2 FY16. Net sales numbers outperformed market consensus forecasts of $768.6 million. The increase in net sales in Q2 FY17 reflects an increase in poultry products sales by 11.5% y-o-y along with a 5.0% y-o-y rise in average sales price for poultry products.

The poultry producer reported net income of $66.94 million, or $2.94 per diluted share, during Q2 FY17 compared to $47.60 million, or $2.11 per diluted share, in the year ago same quarter. The Company's net income for Q2 FY17 also beat Wall Street's expectations of $2.75 per diluted share.

Operating Metrics

During the three months ended on April 30, 2017, the Company's cost of sales increased to $655.28 million from $578.28 million in Q2 FY16. For the reported quarter, selling, general, and administrative came in at $43.64 million compared to $40.04 million in Q2 FY16. The Company's operating income also increased to $103.11 million in Q2 FY17 from $73.77 million in the prior year's comparable quarter.

In Q2 FY17, the Company processed 1.04 billion pounds of breast poultry during the quarter, up 9.6% from the 945.77 million pounds in the year ago comparable quarter. Sanderson Farms sold 1.04 billion pounds of poultry products in Q2 FY17, rising from 928.9 million pounds during Q2 FY16. Meanwhile, Urner Barry average market prices for boneless breast meat, tenders, jumbo wings, and bulk leg quarters increased by 9.1%, 4.7%, 5.1%, and 17.2% y-o-y, respectively, in Q2 FY17.

Balance Sheet

During the first three months ended on April 30, 2017, the Company reported net cash provided by operating activities of $116.77 million compared to $107.72 million in Q2 FY16. As of April 30, 2017, the Company had cash and cash equivalents balance of $246.28 million compared to $234.11 million, at the close of books on October 31, 2016.

The Company has not reported any long-term debt in its books of accounts. However, on April 28, 2017, the Company entered into a new revolving credit facility to increase, among other things, its available credit to $900.0 million from $750.0 million.

Stock Performance

At the closing bell, on Friday, June 16, 2017, Sanderson Farms' stock fell 1.62%, ending the trading session at $126.44. A total volume of 635.23 thousand shares have exchanged hands, which was higher than the 3-month average volume of 401.72 thousand shares. The Company's stock price skyrocketed 33.49% in the last three months, 41.64% in the past six months, and 55.67% in the previous twelve months. Moreover, the stock soared 34.17% since the start of the year. The stock is trading at a PE ratio of 12.97 and has a dividend yield of 0.76%. The stock currently has a market cap of $2.92 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 466133

Research Desk Line-up: DAVIDsTEA Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 19, 2017 / Pro-Trader Daily publishes post-earnings coverage on Sanderson Farms, Inc. (NASDAQ: SAFM) following the Company's posting of its financial results for the second quarter fiscal 2017 (Q2 FY17) on May 25, 2017. The Laurel, Mississippi-based Company's quarterly net sales and net income rose on a year-over-year basis; beating market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Food - Major Diversified industry. Pro-TD has currently selected DAVIDsTEA Inc. (NASDAQ: DTEA) for due-diligence and potential coverage as the Company announced on June 07, 2017, its financial results for Q1 FY17 which ended on April 29, 2017. Register for a free membership today, and be among the early birds that get access to our report on DAVIDsTEA when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SAFM; also brushing on DTEA. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SAFM

http://protraderdaily.com/optin/?symbol=DTEA

Earnings Reviewed

During Q2 FY17, Sanderson Farms' net sales increased 15.9% to $802.04 million from $692.09 million reported at the end of Q2 FY16. Net sales numbers outperformed market consensus forecasts of $768.6 million. The increase in net sales in Q2 FY17 reflects an increase in poultry products sales by 11.5% y-o-y along with a 5.0% y-o-y rise in average sales price for poultry products.

The poultry producer reported net income of $66.94 million, or $2.94 per diluted share, during Q2 FY17 compared to $47.60 million, or $2.11 per diluted share, in the year ago same quarter. The Company's net income for Q2 FY17 also beat Wall Street's expectations of $2.75 per diluted share.

Operating Metrics

During the three months ended on April 30, 2017, the Company's cost of sales increased to $655.28 million from $578.28 million in Q2 FY16. For the reported quarter, selling, general, and administrative came in at $43.64 million compared to $40.04 million in Q2 FY16. The Company's operating income also increased to $103.11 million in Q2 FY17 from $73.77 million in the prior year's comparable quarter.

In Q2 FY17, the Company processed 1.04 billion pounds of breast poultry during the quarter, up 9.6% from the 945.77 million pounds in the year ago comparable quarter. Sanderson Farms sold 1.04 billion pounds of poultry products in Q2 FY17, rising from 928.9 million pounds during Q2 FY16. Meanwhile, Urner Barry average market prices for boneless breast meat, tenders, jumbo wings, and bulk leg quarters increased by 9.1%, 4.7%, 5.1%, and 17.2% y-o-y, respectively, in Q2 FY17.

Balance Sheet

During the first three months ended on April 30, 2017, the Company reported net cash provided by operating activities of $116.77 million compared to $107.72 million in Q2 FY16. As of April 30, 2017, the Company had cash and cash equivalents balance of $246.28 million compared to $234.11 million, at the close of books on October 31, 2016.

The Company has not reported any long-term debt in its books of accounts. However, on April 28, 2017, the Company entered into a new revolving credit facility to increase, among other things, its available credit to $900.0 million from $750.0 million.

Stock Performance

At the closing bell, on Friday, June 16, 2017, Sanderson Farms' stock fell 1.62%, ending the trading session at $126.44. A total volume of 635.23 thousand shares have exchanged hands, which was higher than the 3-month average volume of 401.72 thousand shares. The Company's stock price skyrocketed 33.49% in the last three months, 41.64% in the past six months, and 55.67% in the previous twelve months. Moreover, the stock soared 34.17% since the start of the year. The stock is trading at a PE ratio of 12.97 and has a dividend yield of 0.76%. The stock currently has a market cap of $2.92 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 466133

Source URL: https://marketersmedia.com/earnings-highlights-and-review-sanderson-farms-posted-a-robust-q2-results-outshined-forecasts/209270

Source: AccessWire

Release ID: 209270


Latest News