Q2 2017 Earnings Estimate for Cal-Maine Foods Inc. Issued By DA Davidson (CALM)
Cal-Maine Foods Inc. (NASDAQ:CALM) – Analysts at DA Davidson cut their Q2 2017 earnings per share estimates for shares of Cal-Maine Foods in a research note issued on Monday. DA Davidson analyst E. Gottlieb now anticipates that the brokerage will earn ($0.03) per share for the quarter, down from their previous estimate of $0.22. DA Davidson currently has a “Underperform” rating and a $35.00 target price on the stock. DA Davidson also issued estimates for Cal-Maine Foods’ Q3 2017 earnings at $0.57 EPS and FY2017 earnings at $0.45 EPS.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.31. The company 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%. The company’s revenue was down 60.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.95 earnings per share.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, August 15th. Vetr downgraded Cal-Maine Foods from a “strong-buy” rating to a “buy” rating and set a $46.33 price objective for the company. in a research report on Wednesday, August 3rd. TheStreet downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Monday. Finally, BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a report on Thursday, June 16th. 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 company. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.33.
Cal-Maine Foods (NASDAQ:CALM) traded down 0.4030% during midday trading on Thursday, hitting $39.5201. The stock had a trading volume of 83,912 shares. The stock has a market capitalization of $1.92 billion, a PE ratio of 13.4559 and a beta of 0.70. Cal-Maine Foods has a 1-year low of $39.32 and a 1-year high of $63.25. The stock’s 50-day moving average is $43.17 and its 200-day moving average is $45.77.
Several large investors have recently added to or reduced their stakes in CALM. Aviance Capital Management LLC increased its stake in Cal-Maine Foods by 0.7% in the second quarter. Aviance Capital Management LLC now owns 6,410 shares of the company’s stock valued at $284,000 after buying an additional 42 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Cal-Maine Foods by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the company’s stock valued at $612,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. increased its stake in Cal-Maine Foods by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,938 shares of the company’s stock valued at $174,000 after buying an additional 148 shares in the last quarter. M&T Bank Corp increased its stake in Cal-Maine Foods by 3.0% in the first quarter. M&T Bank Corp now owns 8,784 shares of the company’s stock valued at $456,000 after buying an additional 256 shares in the last quarter. Finally, Suntrust Banks Inc. increased its stake in Cal-Maine Foods by 5.4% in the second quarter. Suntrust Banks Inc. now owns 5,374 shares of the company’s stock valued at $238,000 after buying an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 63.77% of the company’s stock.
Cal-Maine Foods Company Profile
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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