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

Cal-Maine Foods (NASDAQ:CALM) is projected to announce its earnings results after the market closes on Tuesday, April 8th. 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 quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue 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 Trading Down 0.7 %

CALM stock opened at $92.29 on Monday. The firm has a market cap of $4.53 billion, a PE ratio of 7.18 and a beta of 0.11. The stock has a 50-day moving average price of $95.22 and a 200-day moving average price of $95.37. Cal-Maine Foods has a 1-year low of $55.15 and a 1-year high of $116.41.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Stephens reissued an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd.

Insider Activity

In related news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.45% of the stock is currently owned by company insiders.

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.