Cal-Maine Foods (NASDAQ:CALM) Announces Earnings Results, Beats Estimates By $4.59 EPS

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) released its earnings results on Tuesday. The basic materials company reported $10.38 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59, Briefing.com reports. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods's revenue was up 101.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.00 EPS.

Cal-Maine Foods Stock Down 3.3 %

• 3 Dividend Stocks With Growth Potential You Can’t Miss

CALM traded down $3.12 on Tuesday, reaching $90.33. The company had a trading volume of 2,014,979 shares, compared to its average volume of 683,561. Cal-Maine Foods has a 1 year low of $55.15 and a 1 year high of $116.41. The stock has a market capitalization of $4.43 billion, a PE ratio of 7.03 and a beta of 0.11. The stock has a 50-day moving average price of $94.90 and a 200-day moving average price of $95.51.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CALM. Stephens reiterated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.

• Cal-Maine Foods: A Defensive Play With a Cage-Free Future

View Our Latest Research Report on CALM

Insider Activity at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were 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 owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.45% of the company's stock.

Cal-Maine Foods Company Profile

• Egg Prices Surge: 3 Stocks Set to Benefit from Rising PPI Trends

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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