Favorable News Coverage Somewhat Unlikely to Impact Cal-Maine Foods (CALM) Stock Price

Headlines about Cal-Maine Foods (NASDAQ:CALM) have been trending positive on Monday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. 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 impact score of 0.27 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.6287979780322 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a report on Thursday. BidaskClub cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Cleveland Research upgraded shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a report on Saturday, December 30th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.80.

Shares of Cal-Maine Foods (NASDAQ:CALM) opened at $42.65 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.78 and a quick ratio of 1.85. The company has a market cap of $2,071.68, a P/E ratio of -33.06 and a beta of 0.67. 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 issued its quarterly earnings results on Friday, January 5th. The basic materials company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.15). The firm had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $370.85 million. Cal-Maine Foods had a negative net margin of 5.18% and a negative return on equity of 1.15%. The firm’s revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.48) EPS. research analysts forecast that Cal-Maine Foods will post 1.3 earnings per share for the current year.

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About Cal-Maine Foods

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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