Cal-Maine Foods (NASDAQ:CALM) Releases Quarterly Earnings Results

Cal-Maine Foods (NASDAQ:CALM) issued its earnings results on Tuesday. The basic materials company reported $4.47 EPS for the quarter, Zacks reports. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%.

Cal-Maine Foods Stock Performance

Shares of CALM stock traded down $1.07 during mid-day trading on Tuesday, hitting $103.68. 898,137 shares of the stock were exchanged, compared to its average volume of 510,233. Cal-Maine Foods has a 12-month low of $53.38 and a 12-month high of $114.06. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 11.88 and a beta of -0.11. The stock’s fifty day simple moving average is $97.98 and its two-hundred day simple moving average is $81.59.

Analysts Set New Price Targets

CALM has been the subject of several analyst reports. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Company Profile

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.