Cal-Maine Foods (NASDAQ:CALM) Posts Earnings Results

Cal-Maine Foods (NASDAQ:CALM) announced its quarterly earnings results on Tuesday. The basic materials company reported $4.47 EPS for the quarter, Zacks reports. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%.

Cal-Maine Foods Trading Down 1.0 %

NASDAQ:CALM traded down $1.07 during midday trading on Tuesday, reaching $103.68. The company had a trading volume of 898,137 shares, compared to its average volume of 510,233. The stock’s fifty day simple moving average is $97.98 and its 200-day simple moving average is $81.59. Cal-Maine Foods has a 12-month low of $53.38 and a 12-month high of $114.06. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 11.88 and a beta of -0.11.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CALM shares. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens began coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price on the stock.

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.