News headlines about Cal-Maine Foods (NASDAQ:CALM) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cal-Maine Foods earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.5279430715424 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several equities analysts have recently issued reports on the company. BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. TheStreet upgraded Cal-Maine Foods from a “c” rating to a “b” rating in a research report on Monday, April 2nd. ValuEngine upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Cal-Maine Foods from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research report on Friday, April 13th. Finally, Stephens boosted their target price on Cal-Maine Foods from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 3rd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $54.50.
Get Cal-Maine Foods alerts:Cal-Maine Foods stock opened at $51.35 on Friday. The stock has a market cap of $2.48 billion, a PE ratio of -33.34 and a beta of 0.59. Cal-Maine Foods has a 1 year low of $33.40 and a 1 year high of $51.65.
Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Monday, April 2nd. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The company had revenue of $435.80 million during the quarter, compared to analyst estimates of $404.33 million. Cal-Maine Foods had a return on equity of 5.62% and a net margin of 2.23%. The company’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. equities research analysts predict that Cal-Maine Foods will post 2.95 earnings per share for the current fiscal year.
In related news, VP Charles Jeff Hardin sold 2,036 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $47.39, for a total value of $96,486.04. Following the completion of the transaction, the vice president now directly owns 3,800 shares in the company, valued at approximately $180,082. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 33.22% of the stock is currently owned by insiders.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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