Cal-Maine Foods Inc. (NASDAQ:CALM) – Investment analysts at DA Davidson cut their Q4 2017 earnings per share (EPS) estimates for shares of Cal-Maine Foods in a research note issued on Monday. DA Davidson analyst E. Gottlieb now forecasts that the firm will post earnings per share of $0.54 for the quarter, down from their previous forecast of $0.62. DA Davidson has a “Underperform” rating and a $35.00 price objective on the stock. DA Davidson also issued estimates for Cal-Maine Foods’ Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.45 EPS.
CALM has been the topic of a number of other reports. Zacks Investment Research lowered shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st. Vetr lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $46.33 target price on the stock. in a research note on Wednesday, August 3rd. BB&T Corp. upgraded shares of Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research note on Thursday, June 16th. Finally, TheStreet lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.87.
Cal-Maine Foods (NASDAQ:CALM) traded down 1.54% during trading on Wednesday, reaching $39.72. 360,725 shares of the company’s stock were exchanged. Cal-Maine Foods has a 1-year low of $39.32 and a 1-year high of $63.25. The company has a market capitalization of $1.93 billion, a PE ratio of 6.08 and a beta of 0.70. The company’s 50-day moving average is $43.26 and its 200-day moving average is $45.81.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Monday, September 26th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.31. The firm earned $239.80 million during the quarter. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. Cal-Maine Foods’s revenue was down 60.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 earnings per share.
A number of hedge funds have recently bought and sold shares of the company. Mason Street Advisors LLC acquired a new stake in shares of Cal-Maine Foods during the second quarter valued at $269,000. Royal Bank of Canada raised its stake in shares of Cal-Maine Foods by 8.2% in the second quarter. Royal Bank of Canada now owns 117,560 shares of the company’s stock valued at $5,211,000 after buying an additional 8,915 shares during the period. Personal Capital Advisors Corp raised its stake in shares of Cal-Maine Foods by 12.1% in the second quarter. Personal Capital Advisors Corp now owns 204,397 shares of the company’s stock valued at $9,059,000 after buying an additional 22,123 shares during the period. Stifel Financial Corp raised its stake in shares of Cal-Maine Foods by 158.4% in the second quarter. Stifel Financial Corp now owns 36,586 shares of the company’s stock valued at $1,623,000 after buying an additional 22,426 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of Cal-Maine Foods by 1.1% in the second quarter. Fiera Capital Corp now owns 45,200 shares of the company’s stock valued at $2,003,000 after buying an additional 500 shares during the period. Institutional investors own 63.77% of the company’s stock.
About Cal-Maine Foods
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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