Cal-Maine Foods (CALM) Announces Quarterly Earnings Results, Misses Expectations By $0.15 EPS
Cal-Maine Foods (NASDAQ:CALM) issued its quarterly earnings data on Friday. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.15), Briefing.com reports. The company had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $370.85 million. Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.48) earnings per share.
Shares of Cal-Maine Foods (NASDAQ CALM) traded down $3.00 during trading hours on Friday, reaching $40.80. 1,307,434 shares of the company’s stock were exchanged, compared to its average volume of 353,805. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.67 and a quick ratio of 4.14. The stock has a market capitalization of $1,980.00, a price-to-earnings ratio of -33.17 and a beta of 0.76. Cal-Maine Foods has a one year low of $33.40 and a one year high of $50.40.
Several analysts recently issued reports on the stock. BidaskClub lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Wednesday, December 20th. Cleveland Research upgraded shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research note on Saturday, December 30th. Finally, Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.00.
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Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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