Cal-Maine Foods (CALM) Set to Announce Earnings on Tuesday

Cal-Maine Foods (NASDAQ:CALM) is set to release its earnings data after the market closes on Tuesday, April 2nd.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.48). The firm had revenue of $523.23 million during the quarter, compared to analysts’ expectations of $525.39 million. Cal-Maine Foods had a return on equity of 28.34% and a net margin of 16.94%. The company’s revenue was down 34.7% compared to the same quarter last year. During the same period last year, the business posted $4.07 EPS. On average, analysts expect Cal-Maine Foods to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cal-Maine Foods Stock Up 0.4 %

CALM stock opened at $58.85 on Monday. The firm has a market capitalization of $2.88 billion, a PE ratio of 6.36 and a beta of -0.06. Cal-Maine Foods has a twelve month low of $42.25 and a twelve month high of $62.58. The stock has a 50-day simple moving average of $57.49 and a two-hundred day simple moving average of $52.76.

Insider Activity

In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 750 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the transaction, the executive vice president now owns 3,999 shares of the company’s stock, valued at $225,983.49. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Charles Jeff Hardin sold 750 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total value of $42,382.50. Following the completion of the transaction, the executive vice president now directly owns 3,999 shares in the company, valued at $225,983.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Poole sold 3,000 shares of Cal-Maine Foods stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $55.91, for a total value of $167,730.00. Following the completion of the transaction, the director now directly owns 11,670 shares in the company, valued at approximately $652,469.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,228 shares of company stock worth $520,122. Corporate insiders own 13.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in shares of Cal-Maine Foods by 39.1% during the first quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock worth $61,000 after buying an additional 308 shares in the last quarter. Quarry LP grew its stake in Cal-Maine Foods by 99.6% during the first quarter. Quarry LP now owns 1,371 shares of the basic materials company’s stock worth $83,000 after purchasing an additional 684 shares during the period. Fortis Capital Advisors LLC bought a new stake in Cal-Maine Foods in the 4th quarter valued at about $109,000. Steward Partners Investment Advisory LLC bought a new position in Cal-Maine Foods in the 1st quarter valued at about $134,000. Finally, Captrust Financial Advisors grew its holdings in Cal-Maine Foods by 7.0% during the second quarter. Captrust Financial Advisors now owns 2,804 shares of the basic materials company’s stock worth $139,000 after buying an additional 183 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens lifted their price objective on shares of Cal-Maine Foods from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd.

About Cal-Maine Foods

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.