Cal-Maine Foods (NASDAQ:CALM) Releases Quarterly Earnings Results, Beats Estimates By $0.42 EPS

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) issued its quarterly earnings data on Tuesday. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.42, Zacks reports. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The company's quarterly revenue was up 82.5% compared to the same quarter last year.

Cal-Maine Foods Stock Down 1.0 %

Shares of NASDAQ CALM traded down $1.07 during trading on Tuesday, hitting $103.68. The company had a trading volume of 955,944 shares, compared to its average volume of 591,862. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 11.88 and a beta of -0.11. The stock has a fifty day simple moving average of $98.25 and a two-hundred day simple moving average of $81.91. Cal-Maine Foods has a fifty-two week low of $53.38 and a fifty-two week high of $114.06.

Analysts Set New Price Targets

A number of research analysts have issued reports on CALM shares. StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Tuesday. Stephens initiated coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $82.00 target price for the company.

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.