Cal-Maine Foods (NASDAQ:CALM - Get Free Report) announced its earnings results on Tuesday. The basic materials company reported $10.38 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59, Briefing.com reports. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company's revenue was up 101.6% on a year-over-year basis. During the same period last year, the firm earned $3.00 earnings per share.
Cal-Maine Foods Stock Up 4.6 %
Shares of CALM traded up $4.31 during mid-day trading on Friday, hitting $98.99. The stock had a trading volume of 1,275,132 shares, compared to its average volume of 698,788. Cal-Maine Foods has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The company has a market cap of $4.85 billion, a PE ratio of 7.70 and a beta of 0.11. The company's fifty day simple moving average is $92.86 and its two-hundred day simple moving average is $96.01.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Stephens reiterated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Thursday.
Read Our Latest Report on Cal-Maine Foods
Insider Activity at Cal-Maine Foods
In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.45% of the company's stock.
Cal-Maine Foods Company Profile
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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.
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