Cal-Maine Foods (CALM) to Release Quarterly Earnings on Tuesday

Cal-Maine Foods (NASDAQ:CALM) will issue its quarterly earnings data after the market closes on Tuesday, October 1st.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). Cal-Maine Foods had a return on equity of 16.46% and a net margin of 11.94%. The firm had revenue of $640.80 million during the quarter, compared to analyst estimates of $652.32 million. During the same quarter last year, the firm posted $2.27 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $74.65 on Monday. Cal-Maine Foods has a 1 year low of $42.25 and a 1 year high of $75.64. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 13.24 and a beta of -0.10. The company has a fifty day moving average price of $70.76 and a 200-day moving average price of $63.83.

Cal-Maine Foods Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 5th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.13%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 54.61%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a report on Wednesday, July 17th.

Insiders Place Their Bets

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the sale, the vice president now owns 16,754 shares of the company’s stock, valued at $1,188,361.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Michael Todd Walters sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total transaction of $210,600.00. Following the completion of the transaction, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at approximately $372,762. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert L. Holladay, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the sale, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,188,361.22. The disclosure for this sale can be found here. Insiders have sold a total of 6,000 shares of company stock worth $422,970 over the last quarter. Company insiders own 13.51% of the company’s stock.

About Cal-Maine Foods

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.