A share price of Cal-Maine Foods, Inc. [CALM] is currently trading at $59.34, up 1.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The CALM shares have gain 4.38% over the last week, with a monthly amount glided 6.80%, and seem to be holding up well over a long-time horizon.
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On 3, January 2024, Cal-Maine Foods Reports Results for Second Quarter Fiscal 2024. In a post published today on Yahoo Finance, Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the second quarter of fiscal 2024 (thirteen weeks) ended December 2, 2023.
From an analyst’s perspective:
Cal-Maine Foods, Inc. [NASDAQ: CALM] stock has seen the most recent analyst activity on April 25, 2023, when Stephens downgraded its rating to a Equal-Weight and also revised its price target to $60 from $67. Previously, Consumer Edge Research upgraded its rating to Overweight on March 30, 2022. On May 26, 2021, downgrade downgraded it’s rating to Underperform and revised its price target to $38 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $47 on October 28, 2020. Stephens upgraded its rating to a Overweight but $47 remained the price target by the analyst firm on March 17, 2020. Cleveland Research upgraded its rating to Neutral for this stock on January 07, 2020. In a note dated March 05, 2019, Stephens initiated an Equal-Weight rating.
Cal-Maine Foods, Inc. experienced fluctuations in its stock price throughout the past year between $42.25 and $61.91. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. Cal-Maine Foods, Inc. [NASDAQ: CALM] shares were valued at $59.34 at the most recent close of the market. An investor can expect a potential drop of -20.8% based on the average CALM price forecast.
Analyzing the CALM fundamentals
Trailing Twelve Months sales for Cal-Maine Foods, Inc. [NASDAQ:CALM] were 2.67B which represents -34.73% decline. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.28 and Total Capital is 0.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.57 points at the first support level, and at 57.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.48, and for the 2nd resistance point, it is at 61.62.
Cal-Maine Foods, Inc. [CALM] reported earnings per share of $0.35 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.83/share, meaning a difference of -$0.48 and a surprise factor of -57.80%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.02 per share as compared to estimates of $0.33 per share, a difference of -$0.31 representing a surprise of -93.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cal-Maine Foods, Inc. [NASDAQ:CALM] is 6.92. On the other hand, the Quick Ratio is 5.05, and the Cash Ratio is 2.35. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 6.41.
Transactions by insiders
Recent insider trading involved HARDIN CHARLES JEFF, Executive Vice President Sales, that happened on Feb 20 ’24 when 750.0 shares were sold. Director, Poole James E completed a deal on Feb 14 ’24 to sell 3000.0 shares. Meanwhile, Executive Vice President Sales HARDIN CHARLES JEFF sold 4458.0 shares on Feb 02 ’24.
