How Have the Numbers Shaped Up for Cal-Maine Foods (NASDAQ:CALM)

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Earnings results for Cal-Maine Foods (NASDAQ:CALM)

Cal-Maine Foods, Inc. is expected* to report earnings on 09/28/2020 before market open. The report will be for the fiscal Quarter ending Aug 2020. The reported EPS for the same quarter last year was $-0.88.

Cal-Maine Foods last released its quarterly earnings data on July 20th, 2020. The basic materials company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business earned $453.30 million during the quarter, compared to the consensus estimate of $458.22 million. Its quarterly revenue was up 61.5% compared to the same quarter last year. Cal-Maine Foods has generated $0.44 earnings per share over the last year and currently has a price-to-earnings ratio of 105.2. Cal-Maine Foods has confirmed that its next quarterly earnings report will be published on Monday, September 28th, 2020.

Analyst Opinion on Cal-Maine Foods (NASDAQ:CALM)

2 Wall Street analysts have issued ratings and price targets for Cal-Maine Foods in the last 12 months. Their average twelve-month price target is $55.00, predicting that the stock has a possible upside of 41.24%. The high price target for CALM is $55.00 and the low price target for CALM is $55.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Cal-Maine Foods has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $55.00, Cal-Maine Foods has a forecasted upside of 41.2% from its current price of $38.94. Cal-Maine Foods has received no research coverage in the past 90 days.

Dividend Strength: Cal-Maine Foods (NASDAQ:CALM)

Cal-Maine Foods does not currently pay a dividend. Cal-Maine Foods does not have a long track record of dividend growth.

Insiders buying/selling: Cal-Maine Foods (NASDAQ:CALM)

In the past three months, Cal-Maine Foods insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $269,100,000.00 in company stock. Only 27.50% of the stock of Cal-Maine Foods is held by insiders. 63.34% of the stock of Cal-Maine Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cal-Maine Foods (NASDAQ:CALM

Earnings for Cal-Maine Foods are expected to decrease by -3.55% in the coming year, from $1.41 to $1.36 per share. The P/E ratio of Cal-Maine Foods is 105.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.41. The P/E ratio of Cal-Maine Foods is 105.25, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 34.21. Cal-Maine Foods has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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