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

Cal-Maine Foods (NASDAQ:CALM) is projected to post its quarterly earnings results after the market closes on Tuesday, April 8th. Analysts expect Cal-Maine Foods to post 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 data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. 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 Performance

NASDAQ:CALM opened at $92.29 on Friday. The stock has a market capitalization of $4.53 billion, a PE ratio of 7.18 and a beta of 0.11. Cal-Maine Foods has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The company has a fifty day moving average of $95.22 and a two-hundred day moving average of $95.21.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens reissued an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was 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 of the company’s stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.45% of the company’s stock.

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.