Cal-Maine Foods (CALM) to Release Earnings on Tuesday

Cal-Maine Foods (NASDAQ:CALM) is expected to announce its earnings results before the market opens on Tuesday, April 1st. Analysts expect the company to announce earnings of $5.79 per share and revenue of $953.76 million for the quarter.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same period in the previous year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. On average, analysts expect Cal-Maine Foods to post $16 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cal-Maine Foods Stock Up 4.5 %

NASDAQ:CALM opened at $93.20 on Tuesday. Cal-Maine Foods has a 52 week low of $55.00 and a 52 week high of $116.41. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 7.25 and a beta of -0.12. The company’s 50 day moving average price is $98.71 and its 200-day moving average price is $93.94.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens reiterated an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th.

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.