Cal-Maine Foods (CALM) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS
Cal-Maine Foods (NASDAQ:CALM) posted its earnings results on Friday. The basic materials company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.15), Briefing.com reports. The business had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $370.85 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. Cal-Maine Foods’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.48) EPS.
Shares of Cal-Maine Foods (NASDAQ CALM) opened at $40.80 on Friday. The firm has a market capitalization of $2,127.45, a P/E ratio of -33.17 and a beta of 0.76. Cal-Maine Foods has a 52 week low of $33.40 and a 52 week high of $50.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.14 and a current ratio of 6.67.
Several research firms recently weighed in on CALM. BidaskClub cut Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Friday. Cleveland Research upgraded Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research note on Saturday, December 30th. Zacks Investment Research cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Three equities 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. Cal-Maine Foods has a consensus rating of “Hold” and an average price target 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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