Cal-Maine Foods (NASDAQ:CALM) announced its quarterly earnings results on Monday. The basic materials company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.24), Bloomberg Earnings reports. The firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $327.90 million. Cal-Maine Foods had a positive return on equity of 0.07% and a negative net margin of 0.31%. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share.
NASDAQ:CALM traded down $3.34 on Monday, hitting $39.11. 3,682,572 shares of the company’s stock were exchanged, compared to its average volume of 1,412,429. The company has a market cap of $2.07 billion, a P/E ratio of 33.72 and a beta of 0.41. The firm has a 50-day moving average price of $43.26 and a 200-day moving average price of $41.60. Cal-Maine Foods has a 52 week low of $36.65 and a 52 week high of $47.00.
A number of equities analysts have recently weighed in on CALM shares. ValuEngine cut shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. Stephens set a $45.00 price objective on shares of Cal-Maine Foods and gave the company a “hold” rating in a research report on Monday, September 23rd. BidaskClub cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Zacks Investment Research cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Monday, December 23rd. Finally, Cleveland Research raised shares of Cal-Maine Foods from an “underperform” rating to a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.50.
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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