Media stories about Cal-Maine Foods (NASDAQ:CALM) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cal-Maine Foods earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 45.6812356444382 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Cal-Maine Foods (NASDAQ:CALM) traded down $1.35 during midday trading on Thursday, hitting $45.35. 472,600 shares of the stock were exchanged, compared to its average volume of 358,393. The company has a current ratio of 6.67, a quick ratio of 4.14 and a debt-to-equity ratio of 0.01. Cal-Maine Foods has a 12-month low of $33.40 and a 12-month high of $50.40.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). The firm had revenue of $262.80 million for the quarter, compared to analysts’ expectations of $265.50 million. Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.64) earnings per share. equities research analysts anticipate that Cal-Maine Foods will post 0.9 earnings per share for the current year.
CALM has been the subject of several research analyst reports. Stephens raised shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $50.00 in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Friday, November 17th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.08.
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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