Cal-Maine Foods (NASDAQ:CALM) Posts Quarterly Earnings Results, Misses Estimates By $0.84 EPS

Cal-Maine Foods (NASDAQ:CALM) released its earnings results on Wednesday. The basic materials company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84), FiscalAI reports. Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. The firm had revenue of $552.58 million during the quarter, compared to analysts’ expectations of $563.83 million. During the same quarter in the previous year, the business earned $7.04 EPS. The company’s revenue for the quarter was down 49.9% compared to the same quarter last year.

Here are the key takeaways from Cal-Maine Foods’ conference call:

• Management said it is continuing to diversify the business through acquisitions and investment, including Creighton Brothers, Van’s Foods, and additional Eggland’s Best territory, while preparing a new $54 million capacity expansion in prepared foods.
• Fourth-quarter results were pressured by a historic low in conventional egg pricing, with consolidated revenue down 49.9% year over year and a quarterly net loss of $35.9 million.
• Prepared foods and specialty eggs are becoming a larger part of the mix, with combined specialty eggs and prepared foods reaching 53% of fourth-quarter sales, and management expects prepared foods capacity to rise by more than 60% from fiscal 2026 levels by mid-fiscal 2028.
• Management described specialty egg margins as more consistent with a normalized near-term level, noting that Q4 comparisons were distorted by unusually favorable prior-year pricing and strong seasonal demand.
• The company ended the year with $924.1 million in cash and remains virtually debt-free, while continuing share repurchases under its authorization and pointing to improving egg price trends entering fiscal 2027.

Cal-Maine Foods Stock Up 0.3%

Cal-Maine Foods stock opened at $88.14 on Friday. The company has a market capitalization of $4.18 billion, a P/E ratio of 13.46 and a beta of 0.25. The stock’s 50 day moving average is $80.30 and its 200 day moving average is $80.42. Cal-Maine Foods has a twelve month low of $71.92 and a twelve month high of $119.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in shares of Cal-Maine Foods by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,218,573 shares of the basic materials company’s stock worth $176,536,000 after acquiring an additional 166,402 shares during the last quarter. State Street Corp raised its position in shares of Cal-Maine Foods by 6.8% in the 2nd quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock worth $171,038,000 after purchasing an additional 108,578 shares during the last quarter. First Trust Advisors LP raised its position in shares of Cal-Maine Foods by 8.8% in the 4th quarter. First Trust Advisors LP now owns 1,196,535 shares of the basic materials company’s stock worth $95,208,000 after purchasing an additional 96,589 shares during the last quarter. Morgan Stanley boosted its stake in Cal-Maine Foods by 9.4% in the 4th quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock worth $77,832,000 after purchasing an additional 84,124 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Cal-Maine Foods by 8.4% in the 3rd quarter. Northern Trust Corp now owns 900,466 shares of the basic materials company’s stock worth $84,734,000 after purchasing an additional 70,063 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CALM. BMO Capital Markets increased their price objective on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday. Wells Fargo & Company set a $100.00 price objective on Cal-Maine Foods in a research report on Monday, July 13th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. Royal Bank Of Canada set a $100.00 target price on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Finally, Stephens decreased their price target on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.71.

More Cal-Maine Foods News

Here are the key news stories impacting Cal-Maine Foods this week:

• Positive Sentiment: BMO Capital Markets raised its price target on Cal-Maine Foods from $75 to $83, but kept a market perform rating, suggesting the firm sees some valuation support even though it still implies downside from the current share price. Benzinga article
• Neutral Sentiment: Cal-Maine Foods was the target of unusually large options trading, indicating heightened investor attention after earnings, but not necessarily a clear directional catalyst. American Banking News article
• Neutral Sentiment: Analysts and commentary around the results focused on whether CALM is fairly valued after the earnings report and on management’s discussion of revenue declines and diversification efforts. Yahoo Finance article
• Negative Sentiment: Media coverage emphasized the surprise Q4 loss, low egg prices, and a significant drop in sales and margins, reinforcing the core reason for the stock’s weakness. Motley Fool article

Cal-Maine Foods Company Profile

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.