NEW YORK (TheStreet) -- Sanderson Farms (SAFM) - Get Report shares are flat at $87.41 in pre-market trading on Thursday following the release of the chicken products manufacturer and distributor's fourth quarter financial results before the opening bell today.
The company reported fourth quarter earnings of $93.1 million, or $4.04 per diluted share on an adjusted basis, ahead of analysts' $4.02 expectations for the period.
The company also generated revenue of $760.9 million which came out ahead of analysts' $758.22 guidance for the quarter.
Sanderson Farms partially credited higher market prices for poultry products during the quarter for the earnings beat.
TheStreet Ratings team rates SANDERSON FARMS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SANDERSON FARMS INC (SAFM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: SAFM Ratings Report