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

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) is anticipated to release its earnings data before the market opens 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 - Get Free Report) last posted its quarterly earnings results 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. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the prior year, the business posted $0.35 EPS. The firm's quarterly revenue was up 82.5% compared to the same quarter last year. 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 Down 1.3 %

Shares of NASDAQ CALM traded down $1.20 during trading on Friday, reaching $91.01. The company had a trading volume of 544,190 shares, compared to its average volume of 684,971. Cal-Maine Foods has a 12-month low of $55.00 and a 12-month high of $116.41. The business's 50-day moving average is $97.60 and its 200 day moving average is $94.09. The stock has a market cap of $4.46 billion, a PE ratio of 7.08 and a beta of -0.12.

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Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the sale, the director now owns 42,761 shares of the company's stock, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 13.45% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on CALM shares. Stephens reissued an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Tuesday.

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.