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

Cal-Maine Foods (NASDAQ:CALM) is expected to be announcing 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 released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business’s revenue was up 82.5% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. 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 %

Shares of Cal-Maine Foods stock opened at $93.20 on Tuesday. The business has a 50 day moving average of $98.71 and a 200 day moving average of $93.94. Cal-Maine Foods has a 52 week low of $55.00 and a 52 week high of $116.41. The company has a market cap of $4.57 billion, a PE ratio of 7.25 and a beta of -0.12.

Insider Buying and Selling at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CALM has been the subject of several research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

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.