News stories about Cal-Maine Foods (NASDAQ:CALM) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cal-Maine Foods earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.4380519444564 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Cal-Maine Foods, Inc. (NasdaqGS:CALM) vs. LGI Homes, Inc. (NasdaqGS:LGIH): How are these stocks valued? – Evergreen Caller (evergreencaller.com)
- Graham Disciple Charles Brandes’ 5 Largest 2nd Quarter New Buys … – Nasdaq (nasdaq.com)
- Cal-Maine Foods Inc (CALM) Mesa Adaptive MA Sitting Below FAMA – Financial News Review (finnewsreview.com)
- Cal-Maine Foods, Inc. (CALM) Investment Decreased by Neuberger Berman Group LLC – ExpressNewsline (expressnewsline.com)
- Neuberger Berman Group LLC Sells A Little More Cal-Maine Foods, Inc. (CALM) Stock – First News 24 (firstnewspaper24.com)
A number of research analysts have recently issued reports on the company. BidaskClub raised Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Cleveland Research lowered shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a report on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price for the company. in a report on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Cal-Maine Foods currently has a consensus rating of “Hold” and a consensus target price of $36.70.
Shares of Cal-Maine Foods (NASDAQ CALM) traded up 0.55% during mid-day trading on Friday, reaching $36.30. 206,556 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $37.25 and a 200 day moving average price of $38.25. Cal-Maine Foods has a 12-month low of $33.40 and a 12-month high of $46.47. The firm’s market capitalization is $1.76 billion.
Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Monday, July 24th. The basic materials company reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.42. Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The firm had revenue of $274.60 million for the quarter, compared to analysts’ expectations of $271.33 million. During the same period in the previous year, the company earned ($0.01) EPS. The company’s revenue was down 9.4% on a year-over-year basis. Analysts anticipate that Cal-Maine Foods will post $0.26 EPS for the current fiscal year.
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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