Cal-Maine Foods Inc. (CALM) Scheduled to Post Quarterly Earnings on Monday
Cal-Maine Foods Inc. (NASDAQ:CALM) will announce its Q117 earnings results on Monday, September 26th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $298.36 million for the quarter.
Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Monday, July 18th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.18. Cal-Maine Foods had a return on equity of 36.02% and a net margin of 16.56%. The company had revenue of $303 million for the quarter, compared to the consensus estimate of $304.29 million. During the same quarter in the prior year, the company earned $0.95 earnings per share. Cal-Maine Foods’s revenue was down 24.8% on a year-over-year basis. On average, analysts expect Cal-Maine Foods to post $1.29 EPS for the current fiscal year and $2.88 EPS for the next fiscal year.
Cal-Maine Foods Inc. (NASDAQ:CALM) opened at 42.72 on Thursday. The company has a market cap of $2.07 billion, a P/E ratio of 6.54 and a beta of 0.70. The firm has a 50-day moving average price of $43.51 and a 200-day moving average price of $46.18. Cal-Maine Foods Inc. has a 12-month low of $39.60 and a 12-month high of $63.25.
Hedge funds have recently made changes to their positions in the stock. American National Insurance Co. TX bought a new stake in shares of Cal-Maine Foods during the second quarter valued at about $290,000. IndexIQ Advisors LLC acquired a new stake in Cal-Maine Foods during the second quarter worth $360,000. Quadrature Capital Ltd acquired a new stake in Cal-Maine Foods during the second quarter worth $473,000. Seven Eight Capital LLC boosted its stake in Cal-Maine Foods by 1,267,300.0% in the second quarter. Seven Eight Capital LLC now owns 12,674 shares of the company’s stock worth $562,000 after buying an additional 12,673 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Cal-Maine Foods during the second quarter worth $574,000. Institutional investors and hedge funds own 63.77% of the company’s stock.
A number of research analysts have commented on the company. Vetr cut Cal-Maine Foods from a “buy” rating to a “hold” rating and set a $46.84 price target on the stock. in a research note on Monday, August 29th. Zacks Investment Research cut Cal-Maine Foods from a “buy” rating to a “strong sell” rating in a research note on Friday, September 16th. Finally, BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research note on Thursday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.87.
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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