Cal-Maine Foods (NASDAQ:CALM - Get Free Report) issued its quarterly earnings results on Tuesday. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $4.59, Briefing.com reports. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company's revenue was up 101.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.00 earnings per share.
Cal-Maine Foods Trading Up 4.6 %
NASDAQ CALM traded up $4.31 during mid-day trading on Friday, hitting $98.99. The company's stock had a trading volume of 1,275,132 shares, compared to its average volume of 699,225. The company's 50 day simple moving average is $92.86 and its 200 day simple moving average is $96.01. Cal-Maine Foods has a twelve month low of $55.15 and a twelve month high of $116.41. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 7.70 and a beta of 0.11.
Insider Buying and Selling at Cal-Maine Foods
In other news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 13.45% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on CALM. Stephens reaffirmed an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com downgraded Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Thursday.
Check Out Our Latest Analysis on CALM
Cal-Maine Foods Company Profile
(
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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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