Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Cal-Maine Foods (CALM) Share Price
Media coverage about Cal-Maine Foods (NASDAQ:CALM) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog 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 Foods earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.6146607956387 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several research analysts have commented on the stock. Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $35.00 to $50.00 in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.90.
Shares of Cal-Maine Foods (CALM) traded up $1.70 during trading hours on Thursday, hitting $45.85. 496,006 shares of the stock were exchanged, compared to its average volume of 359,952. Cal-Maine Foods has a 12 month low of $33.40 and a 12 month high of $46.15. The company has a quick ratio of 4.14, a current ratio of 6.67 and a debt-to-equity ratio of 0.01.
Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The business had revenue of $262.80 million for the quarter, compared to analyst estimates of $265.50 million. During the same period in the prior year, the company earned ($0.64) earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. equities analysts forecast that Cal-Maine Foods will post 0.28 earnings per share for the current year.
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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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