News articles about Cal-Maine (NASDAQ:CALM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cal-Maine earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.7506599492781 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Global Egg and Egg Products Market 2018 Abstract- Cal-Maine Foods, Hy-Line International and Barry Farms (thetechnicalprogress.com)
- Cal-Maine Foods, Inc. (NasdaqGS:CALM) P/CF Ratio & Quant in Focus (derbynewsjournal.com)
- Does Cal-Maine Foods Inc’s (NASDAQ:CALM) PE Ratio Warrant A Sell? (finance.yahoo.com)
- Active Runners in Focus: Cal-Maine Foods In (CALM) and Heritage Insurance Holdings (HRTG) (derbynewsjournal.com)
- BidaskClub Lowers Cal-Maine (CALM) to Hold (americanbankingnews.com)
Several brokerages have issued reports on CALM. BidaskClub downgraded Cal-Maine from a “buy” rating to a “hold” rating in a report on Monday, May 14th. ValuEngine raised Cal-Maine from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. TheStreet raised Cal-Maine from a “c” rating to a “b” rating in a report on Monday, April 2nd. Zacks Investment Research raised Cal-Maine from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a report on Friday, April 13th. Finally, Stephens raised their price target on Cal-Maine from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.50.
Shares of Cal-Maine opened at $47.55 on Friday, Marketbeat Ratings reports. Cal-Maine has a 1 year low of $33.40 and a 1 year high of $50.45. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -30.88 and a beta of 0.61.
Cal-Maine (NASDAQ:CALM) last announced its quarterly earnings results on Monday, April 2nd. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.01. Cal-Maine had a return on equity of 5.62% and a net margin of 2.23%. The business had revenue of $435.80 million during the quarter, compared to the consensus estimate of $404.33 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 42.2% on a year-over-year basis. equities research analysts expect that Cal-Maine will post 2.05 earnings per share for the current fiscal year.
In other news, VP Charles Jeff Hardin sold 2,036 shares of Cal-Maine stock in a transaction on Friday, April 6th. The stock was sold at an average price of $47.39, for a total transaction of $96,486.04. Following the completion of the sale, the vice president now owns 3,800 shares of the company’s stock, valued at $180,082. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 33.22% of the stock is currently owned by company insiders.
Cal-Maine Company Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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