Cal-Maine Foods (CALM) Set to Announce Earnings on Tuesday

Cal-Maine Foods (NASDAQ:CALM) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 1st.

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

Cal-Maine Foods Trading Up 1.9 %

Shares of NASDAQ:CALM opened at $74.65 on Friday. The firm’s 50 day moving average is $70.76 and its two-hundred day moving average is $63.80. Cal-Maine Foods has a 52 week low of $42.25 and a 52 week high of $75.64. The firm has a market capitalization of $3.66 billion, a P/E ratio of 13.24 and a beta of -0.10.

Cal-Maine Foods Cuts Dividend

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

Insider Buying and Selling

In related news, Director James E. Poole sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $70.65, for a total transaction of $105,975.00. Following the completion of the sale, the director now directly owns 10,170 shares in the company, valued at $718,510.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director James E. Poole sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $70.65, for a total transaction of $105,975.00. Following the completion of the sale, the director now directly owns 10,170 shares in the company, valued at $718,510.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Michael Todd Walters sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total transaction of $210,600.00. Following the completion of the sale, the chief operating officer now owns 5,310 shares of the company’s stock, valued at approximately $372,762. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,000 shares of company stock worth $422,970. Corporate insiders own 13.51% of the company’s stock.

Analysts Set New Price Targets

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

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.