|Bid||38.00 x 900|
|Ask||39.90 x 800|
|Day's Range||38.83 - 39.81|
|52 Week Range||30.74 - 46.66|
|Beta (5Y Monthly)||-0.23|
|PE Ratio (TTM)||43.30|
|Earnings Date||Jan 04, 2021 - Jan 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 30, 2019|
|1y Target Est||49.50|
Cal-Maine Foods, Inc. (NASDAQ:CALM) just released its quarterly report and things are looking bullish. Revenues and...
Shares of Cal-Maine Foods (NASDAQ:CALM) rose 3% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 57.45% year over year to ($0.40), which beat the estimate of ($0.53).Revenue of $292,782,000 higher by 21.40% from the same period last year, which beat the estimate of $284,080,000.Guidance Earnings guidance hasn't been issued by the company for now.View more earnings on CALMRevenue guidance hasn't been issued by the company for now.Price Action Company's 52-week high was at $46.6652-week low: $30.74Price action over last quarter: down 11.50%Company Description Cal-Maine Foods Inc produces and sells shell eggs. Its main market is United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and foodservice distributors. The company's brands are: Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For September 28, 2020 * Price Over Earnings Overview: Cal-Maine Foods(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cal-Maine Foods Inc. shares rose 3.9% in premarket trade Monday, after the egg producer posted a smaller-than-expected loss for its fiscal first quarter and sales that topped estimates. Jackson, Miss.-based Cal-Maine said it had a net loss of $19.4 million, or 40 cents a share, in the quarter to Aug. 29, after a loss of $45.8 million, or 94 cents a share, in the year-earlier period. Sales rose to $292.8 million from $241.2 million. The FactSet consensus was for a loss of 53 cents a share and sales of $284 million. "Our results for the first quarter of fiscal 2021 reflect continued challenging market conditions as we proactively monitor and manage our operations in the face of the COVID-19 pandemic," Chief Executive Dolph Baker said in a statement. Total dozens of eggs sold rose 3.8% in the period, he said, due to continued strong retail demand as consumers still eat more at home. While demand from food service customers is improving as more restaurants reopen, food service demand is still far below pre-quarantine levels, weighing on egg prices. "Market prices for eggs remained volatile over the first quarter and decreased overall compared to prices at the end of fiscal 2020, which reflected increased consumer purchases due to the COVID-19 pandemic and seasonal demand due to Easter falling in the fourth quarter," said Baker. The company will not pay a dividend for the quarter. Shares have fallen 9% in the year to date, while the S&P 500 has gained 2.1%.