Cal-Maine Foods (NASDAQ:CALM – Get Free Report) issued its earnings results on Tuesday. The basic materials company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09), Briefing.com reports. The company had revenue of $640.80 million during the quarter, compared to the consensus estimate of $652.32 million. Cal-Maine Foods had a return on equity of 16.82% and a net margin of 11.94%. Cal-Maine Foods’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share.
Cal-Maine Foods Stock Up 6.3 %
Shares of NASDAQ CALM traded up $4.19 during midday trading on Thursday, reaching $71.05. 789,126 shares of the company’s stock traded hands, compared to its average volume of 639,297. The stock’s 50 day simple moving average is $61.03 and its 200-day simple moving average is $58.90. Cal-Maine Foods has a one year low of $42.25 and a one year high of $71.78. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 12.69 and a beta of -0.10.
Cal-Maine Foods Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.33%. Cal-Maine Foods’s dividend payout ratio is presently 70.57%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on CALM
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.
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