Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cal-Maine Foods (CALM) Stock Price
News headlines about Cal-Maine Foods (NASDAQ:CALM) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cal-Maine Foods earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.4949030848793 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
CALM has been the subject of several research analyst reports. ValuEngine raised shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note 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 research note on Tuesday, May 30th. BidaskClub lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. 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 research note on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.70.
Shares of Cal-Maine Foods (NASDAQ:CALM) traded down 0.53% during mid-day trading on Monday, hitting $37.20. 14,387 shares of the stock traded hands. Cal-Maine Foods has a one year low of $33.40 and a one year high of $46.15. The company’s market cap is $1.81 billion. The stock has a 50 day moving average price of $36.43 and a 200-day moving average price of $37.63.
Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.42. Cal-Maine Foods had a negative return on equity of 8.57% and a negative net margin of 6.91%. The firm had revenue of $274.60 million for the quarter, compared to analysts’ expectations of $271.33 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts forecast that Cal-Maine Foods will post $0.26 earnings per share for the current fiscal year.
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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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