Cal-Maine Foods Inc. (CALM) Scheduled to Post Earnings on Monday

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Cal-Maine Foods Inc. (NASDAQ:CALM) is scheduled to post its Q117 quarterly earnings results on Monday, September 26th. Analysts expect Cal-Maine Foods to post earnings of ($0.22) per share and revenue of $298.36 million for the quarter.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Monday, July 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.18. Cal-Maine Foods had a return on equity of 36.02% and a net margin of 16.56%. The company earned $303 million during the quarter, compared to analysts’ expectations of $304.29 million. During the same quarter in the previous year, the business earned $0.95 EPS. Cal-Maine Foods’s revenue was down 24.8% compared to the same quarter last year. On average, analysts expect Cal-Maine Foods to post $1.29 EPS for the current fiscal year and $2.88 EPS for the next fiscal year.
Cal-Maine Foods Inc. (NASDAQ:CALM) opened at 42.21 on Friday. Cal-Maine Foods Inc. has a 12-month low of $39.60 and a 12-month high of $63.25. The company’s 50-day moving average price is $43.50 and its 200-day moving average price is $46.15. The stock has a market cap of $2.05 billion, a PE ratio of 6.46 and a beta of 0.70.

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Large investors have recently bought and sold shares of the stock. Fiera Capital Corp boosted its stake in Cal-Maine Foods by 1.1% in the second quarter. Fiera Capital Corp now owns 45,200 shares of the company’s stock valued at $2,003,000 after buying an additional 500 shares in the last quarter. Arizona State Retirement System boosted its stake in Cal-Maine Foods by 1.9% in the second quarter. Arizona State Retirement System now owns 16,116 shares of the company’s stock valued at $714,000 after buying an additional 300 shares in the last quarter. AQR Capital Management LLC boosted its stake in Cal-Maine Foods by 9.1% in the second quarter. AQR Capital Management LLC now owns 132,456 shares of the company’s stock valued at $5,870,000 after buying an additional 10,996 shares in the last quarter. Paloma Partners Management Co boosted its stake in Cal-Maine Foods by 12.3% in the second quarter. Paloma Partners Management Co now owns 16,155 shares of the company’s stock valued at $716,000 after buying an additional 1,764 shares in the last quarter. Finally, Cantab Capital Partners LLP boosted its stake in Cal-Maine Foods by 2.9% in the second quarter. Cantab Capital Partners LLP now owns 17,594 shares of the company’s stock valued at $780,000 after buying an additional 494 shares in the last quarter. 63.77% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on CALM shares. Zacks Investment Research upgraded Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Vetr upgraded Cal-Maine Foods from a “buy” rating to a “strong-buy” rating and set a $47.11 target price on the stock in a research report on Thursday, July 28th. Finally, BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research report on Thursday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.87.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

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