Cal-Maine Foods (NASDAQ:CALM) Posts Earnings Results, Beats Expectations By $0.33 EPS


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Cal-Maine Foods (NASDAQ:CALM) posted its quarterly earnings data on Monday. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.33, MarketWatch Earnings reports. Cal-Maine Foods had a net margin of 3.19% and a return on equity of 4.61%. The company had revenue of $347.33 million during the quarter, compared to the consensus estimate of $333.49 million. During the same period in the previous year, the firm posted ($0.21) EPS. The firm’s revenue was up 11.5% compared to the same quarter last year.

Cal-Maine Foods stock opened at $38.42 on Thursday. The company has a market capitalization of $1.87 billion, a PE ratio of 28.04 and a beta of -0.23. The firm has a fifty day simple moving average of $38.14 and a two-hundred day simple moving average of $40.47. Cal-Maine Foods has a twelve month low of $30.74 and a twelve month high of $46.66.

A number of analysts have recently issued reports on CALM shares. Stephens reaffirmed an “overweight” rating and set a $47.00 price objective (down from $55.00) on shares of Cal-Maine Foods in a report on Wednesday, December 30th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America started coverage on shares of Cal-Maine Foods in a report on Wednesday, October 28th. They set a “buy” rating and a $47.00 price objective for the company. ValuEngine raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Tuesday, December 1st. Finally, BidaskClub downgraded shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, December 30th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Cal-Maine Foods presently has an average rating of “Hold” and an average target price of $45.67.

In other Cal-Maine Foods news, VP Charles Jeff Hardin purchased 2,000 shares of the stock in a transaction on Thursday, October 15th. The stock was acquired at an average cost of $38.28 per share, with a total value of $76,560.00. Following the completion of the purchase, the vice president now directly owns 6,221 shares of the company’s stock, valued at approximately $238,139.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.50% of the company’s stock.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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Earnings History for Cal-Maine Foods (NASDAQ:CALM)

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